Russia cuts June export duties on aromatics, raises them on olefins

25 May 2012 10:56  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government has reviewed petrochemical export duties for June, cutting the rate on aromatics but raising it for olefins, it announced on Friday.  

Next month, Russia's export duty levied on gasoline and naphtha will be cut to $377.80/tonne from $403.70/tonne in May, according to a decree signed by Prime Minister Dmitry Medvedev.

From 1 June, the duty levied on benzene, xylenes and toluene is set at $277/tonne (€222/tonne), down from $296/tonne. Propylene trimer and propylene tetramer will be subject to a $27.20/tonne duty, down from $29.10/tonne.

The duty levied on ethylene, propylene, butylene and butadiene will amount to $237.10/tonne, up from $196.60/tonne in May.

Russia reviews its export duties for petrochemical products on a monthly basis, in line with changes in the crude oil export duty.

From 1 June, Russia's export duty levied on crude amounts to $419.80/tonne, down from $448.60/tonne in May.

($1 = €0.80)

By: Sergei Blagov
+44 20 8652 3214

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