Russia's government cuts July petrochemical export duties

29 June 2012 10:59  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government on Friday announced a downward review of export duties on petrochemical products for July.

Next month, the duty levied on ethylene, propylene, butylene and butadiene will amount to $133/tonne (€106/tonne), down from $237.10/tonne in June, according to a decree signed by Russian Prime Minister Dmitry Medvedev.

Russia's export duty levied on gasoline and naphtha will be cut to $332.40/tonne from $377.80/tonne in June.

From 1 July, the duty levied on benzene, xylenes and toluene is set at $243.70/tonne, or down from $277/tonne. Propylene trimer and propylene tetramer will be subject to a $24/tonne duty, down from $27.20/tonne.

Russia reviews its export duties on petrochemical products on a monthly basis following changes to the crude oil export duty. From 1 July, Russia's export duty levied on crude oil will be $369.30/tonne, down from $419.80/tonne in June.

($1 = €0.80)

By: Sergei Blagov
+44 20 8652 3214

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