Russia raises petchem export duties for September

29 August 2012 13:54  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government on Wednesday announced it was raising the export duties that will be levied on petrochemical products in September.

The duty levied on ethylene, propylene, butylene and butadiene (BD) will be $76.20/tonne (€60.96/tonne), up from $68.90/tonne in August.

Russia's export duty levied on gasoline and naphtha in September has been set at $354.40/tonne, up from $302.90/tonne in August.

From 1 September, the duty levied on benzene, xylenes and toluene will be $259.90/tonne, up from $222.10/tonne.

Russia reviews the export duties it levies on petrochemical products on a monthly basis, following changes in the crude oil export duty. From 1 September, Russia's export duty levied on crude oil will be $393.80/tonne, up from $336.60/tonne in August.

($1 = €0.80)

By: Sergei Blagov
+44 20 8652 3214

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