In July 2010, Kudrin said he was looking to raise the oil and gas extraction tax to 0.5 percent of GDP, which would amount to $6 billion, to plug the country's 5.9 percent budget deficit.
The increase in gas MET will be the first since 2005. Gas producers currently pay 147 rubles ($4.81) per 1,000 cubic meters of gas extracted.
The taxes will continue rising until 2013, resulting in an 80 percent increase in the gas MET and a 12 percent increase in the oil MET.
"I believe there is potential for raising the gas MET," Kudrin said.
