27 November 2012 14:31 [Source: ICIS news]
MOSCOW (ICIS)--The Russian government on Tuesday moved to increase export duties to be levied on petrochemical products in December.
In December, the duty levied on ethylene, propylene, butylene and butadiene will be increased up to $197.40/tonne (152.00/tonne) from $192.40/tonne in November, according to the decree N 1201, signed by Prime Minister Dmitry Medvedev.
However next month, Russia's export duty levied on gasoline and naphtha will amount to $356.80/tonne, down from $364.10/tonne in November, according to the decree, dated 22 November.
From 1 December, the duty levied on benzene, xylenes and toluene is set at $261.70/tonne, down from $267.00/tonne.
Russia reviews its export duties levied on petrochemical products on a monthly basis following changes of the crude oil export duty.
From 1 December, Russia's export duty levied on crude oil amounts to $396.50/tonne, down from $404.50/tonne in November.
($1 = €0.77)
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