Russia reviews petchem export duties for November

26 October 2012 13:10  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government on Friday announced its new export duties for petrochemical products, to come into force next month.

From 1 November, the duty levied on ethylene, propylene, butylene and butadiene (BD) will be increased to $192.40/tonne (€148.15/tonne), from $172.50/tonne in October, according to decree N 1090, signed by Russian Prime Minister Dmitry Medvedev.

In the same month, however, Russia's export duty on gasoline and naphtha will be cut to $364.10/tonne, from $377.00/tonne in October, according to the decree, dated 24 October.

From 1 November, the duty levied on benzene, xylenes and toluene will fall to $267.00/tonne, down from $276.40/tonne.

Russia reviews its export duties on petrochemical products on a monthly basis following changes to the crude oil export duty. From 1 November, Russia's export duty on crude oil will be $404.50/tonne, down from $418.90/tonne in October.

($1 = €0.77)

By: Sergei Blagov
+44 20 8652 3214

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