Russia’s oil export duty to fall $3.2 to $64.6/tonne from Sep 1

MOSCOW, Aug 16 (PRIME) -- The Russian oil export duty will fall by U.S. $3.2 to $64.6 per tonne from September 1, as seen by PRIME in calculations of the Finance Ministry on Monday.

The price for Russia’s major export blend Urals averaged $70.68568 per barrel, or $516 per tonne, from July 15 through August 14.

The export duty on light oil products will decrease to $19.3 per tonne from $20.3 per tonne, and the export duty on heavy oil products will contract to $64.6 per tonne from $67.8 per tonne.

The naphtha export duty will fall to $35.5 per tonne from $37.2 per tonne, and the gasoline export duty will shrink to $19.3 per tonne from $20.3 per tonne.

The duty on propane-butane mixture will amount to $69.9, on clear fractions of liquefied petroleum gases to $55.9, and on coke to $4.1 per tonne.

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