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Russia's oil export duty to fall to $52/T in Sept -finance ministry

Published 15/08/2022, 12:46
Updated 15/08/2022, 12:51
© Reuters. FILE PHOTO: A view shows oil tanks at the NNK-Primornefteproduct petroleum depot in the far eastern port of Vladivostok, Russia June 11, 2022. Picture taken with a drone. REUTERS/Tatiana Meel

MOSCOW (Reuters) - Russia's oil export duty is set to decline to $52 per tonne in September from $53 per tonne in August, the finance ministry said on Monday, tracking global oil prices.

The level of duty is calculated by the finance ministry and based on monitoring of seaborne Urals crude oil prices.

The ministry based the August export duty on prices recorded between July 15 and Aug. 14.

Here are export duties in U.S. dollars per tonne:

September August RICs

Average price for calculation 83.06 84.42

(barrel)

Average price (tonne) 606.40 616.30

Crude oil 52.00 53.00

Light products, middle distillates 15.60 15.90

Gasoline 15.60 15.90

Diesel 15.60 15.90

Naphtha 28.60 29.10

Heavy products 52.00 53.00

Petroleum coke 3.30 3.40

Oil lubricants 15.60 15.90

Propane-butane blend 91.60 102.20

LPG clean fractions 82.40 91.90

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