Export duty on oil in August reduced by $2.2 to $53 per ton

From August 1, 2022, the export duty on oil in Russia will decrease by $2.2 – to $53 from $55.2 per ton in July , according to materials on the website of the Ministry of Finance of the Russian Federation.

The average price for Urals oil for the monitoring period from June 15 to July 14 was $84.421 per barrel, or $616.3 per ton.

The duty on light oil products and oils will drop to $15.9 from $16.5 per ton, on dark ones – to $53 from $55.2.

The duty on the export of commercial gasoline will increase to $15.9 from $16.5, straight-run (naphtha) – up to $29.1 from $30.3 per ton.

The duty on liquefied gas (SPBT – technical propane-butane mixture) will be $102.2 (in July – $110.4), on pure fractions of liquefied hydrocarbon gases (LHG) – $91.9 ($99.3).

Hannah Bentley

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