PRESS: Russia can cut incentives for naphtha, raise for LPG - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: Russia can cut incentives for naphtha, raise for LPG

MOSCOW, Nov 6 (PRIME) -- The Russian government may reduce incentives for naphtha production as it looks for new sources to finance liquefied petroleum gases (LPG) production, business daily Kommersant reported on Wednesday, citing sources.

The naphtha subsidy now stands at 13,000 rubles, including a 9,700-ruble per tonne excise refund and a 3,200-ruble customs duty subsidy. A source with knowledge of the situation told Kommersant that the incentive can be cut to about 9,000 rubles per tonne.

The Energy Ministry earlier offered to set a two-part excise refund on LPG Ц a 4,200 ruble refund of operating costs and a 3,100 ruble investment refund to support margins of new pyrolysis capacities.

(63.2480 rubles Ц U.S. $1)


06.11.2019 09:37
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6761 +0.0037 15 nov
USD 64.2101 +0.0092 15 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1436.98 -0.06 18:50 14 nov
micex 2922.45 -0.39 18:50 14 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 248.34 -1.37 18:49 14 nov
lkoh 6084.50 +0.57 18:49 14 nov
rosn 457.30 -0.48 18:49 14 nov
sber 237.50 +0.12 18:49 14 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.3650 -0.4200 14:59 14 nov
USDTD 64.1300 -0.2525 17:44 14 nov