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The tax on oil exports from Russia fell in March to $ 39.5 per tonne

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The tax on oil supplies from the Russian Federation abroad in March decreased by $ 12.5 to 39.5 per tonne from the $ 52 per tonne that was in February, according to the documents of the Ministry of Economic Development.

The Ministry of Finance earlier reported that the average price of Urals oil for the monitoring period from 15 January to 14 February was $ 28.38143 per barrel, or $ 207.2 per tonne.

Preferential tax rates on oil in East Siberia, the Caspian fields and Prirazlomnoye field, due to changes in the calculation of tax rates in connection with the tax change, were nullified on 1 February 2015. The new formula suggests that these rates will remain at zero in that case if the average price of oil will be below $ 65. The tax on liquefied petroleum gas (LPG) was also declared void.

The export tax on high-viscosity oil, as of 1 March will fall to $ 4.2 as opposed to $ 5.9 per tonne in February.

The tax on straight-run gasoline (naphta) will be reduced to $ 28 from $ 36.9 per tonne for auto gasoline - up to $ 24, from $ 31.7 per tonne. Taxes on other light oil and lubricants decreased to $ 15.8, from $ 20.8 per metric tonne, for dark oil products without oils and charred coal - up to $ 32.3 from $ 42.6 per tonne, the duty on coking coal - up to $ 2.5 from $ 3.3 per tonne in February.

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