Russian oil export duty seen rising to95.9 dollar per tonne in July Energy
Russian oil export duty seen rising to $95.9 per tonne in July
Russia’s oil export duty is expected to increase 19 percent month-on-month to $95.9 per tonne in July due to higher oil prices, calculations by the finance ministry showed on Wednesday.
The new rate is based on price monitoring of seaborne Urals URL-E URL-NWE-E crude oil prices from May 15 through June 14.
The oil export duty stands at $80.6 per tonne this month.
The average Urals price for the latest period was $46.76 per barrel, up from $41.79 in the previous period, the finance ministry in a statement.
The discounted rate will most likely be set at zero. Export duty per tonne, in U.S. dollars:
July June RICs Average price for 46.76 41.79 URL-NWE-E, calculation (barrel) URL-E Average price (tonne) 341.4 305.1 URL-NWE-E, URL-E Crude oil 95.9 80.6 CL-EXPDTY-RU Discounted rate * 0.0 0.0 <DCL-EXPDTY-RU > High viscosity crude 11.6 9.6 <HVCL-EXPDTY-R U> Light products, middle 38.3 32.2 <PROD-EXPDTY-R distillates U> Gasoline 58.4 49.1 <MOG-EXPDTY-RU > Diesel 38.3 32.2 DL-EXPDTY-RU Naphtha 68.0 57.2 <NPTH-EXPDTY-R U> Heavy products 78.6 66 FO-EXPDTY-RU Petroleum coke 6.2 5.2 <PETC-EXPDTY-R U> Oil lubricants 38.3 32.2 <MOIL-EXPDTY-R U> LPG 0.0 0.0 <LPG-EXPDTY-RU > <BUT-EXPDTY-RU > * The discounted rate for crude produced at newer fields in eastern Siberia and fields operated by Lukoil in the Caspian Sea.