Contents tagged with export duty on oil

  • Russia raises export duties on oil

    The Ministry of Economic Development of Russia has decided to increase the duty on oil exports from October 1. According to the department’s documents, the first increase since September last year will amount to almost $4 per ton, bringing the tax on exported oil from $84.10 to $87.90 this September.

    The increase will affect almost all types of fuel. According to RIA Novosti, the export duty for high-viscosity oil is raised to $13.60 from $12.90 for commercial gasoline, up to $26.30 compared …