25 September 2012 16:04 [Source: ICIS news]
MOSCOW (ICIS)--The Russian government on Tuesday moved to increase export duties to be levied on petrochemical products in October.
In October, the duty levied on ethylene, propylene, butylene and butadiene will hiked up to $172.50/tonne (€132.83/tonne), up from $76.20/tonne in September, according to the decree N 954, signed by Russian Prime Minister Dmitry Medvedev.
Next month, Russia's export duty levied on gasoline and naphtha will be increased up to $377.00/tonne from $354.40/tonne in September, according to the decree, dated 22 September.
From 1 October, the duty levied on benzene, xylenes and toluene is set at $276.40/tonne, up from $259.90/tonne.
Russia reviews its export duties levied on petrochemical products on a monthly basis following changes of the crude oil export duty. From 1 October, Russia's export duty levied on crude oil amounts to $418.90/tonne, up from $393.80/tonne in September.
($1 = €0.77)
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