It may reach $119.1 per metric ton from January 1, a finance ministry official announced
RIA News cites Alexander Sakovich, deputy head of the customs payments department at the ministry, as saying:
"The maximum oil export duty from January 1 could be $119.1 per metric ton," Alexander Sakovich, deputy head of the customs payments department at the ministry, said.
The Russian government earlier decided to set export duties on oil and oil products on a monthly basis from December 1 and abandon the previously accepted bimonthly practice.
Duty on light petroleum products could be cut to $92.6 per metric ton and on heavy petroleum products to $49.9 per metric ton, he added.
Sakovich also said the average price for Urals crude on world markets in the monitoring period from November 15 to December 14 inclusive was $43.9 per barrel.
World oil prices have fallen more than 60% from a record high of $147 per barrel in July as the global credit crunch has reduced the demand for fuel.
Author:
Ksenia Kochneva
