Russia changes export duties on petrochemicals, crude for January

26 December 2012 20:48  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government on Wednesday released a decision to review export duties applicable to petrochemical products.

In January, the duty levied on ethylene, propylene, butylene and butadiene (BD) will increase to $198.70/tonne (€151.01/tonne) from $197.40/tonne in December, according to the decree N 1368 signed by Prime Minister Dmitry Medvedev.

However, the export duty levied on gasoline and naphta will be $356.00/tonne, marginally down from $356.80/tonne in December, according to the decree.

The duty levied on benzene, xylenes and toluene is set at $261.10/tonne, down from $261.70/tonne.

Russia reviews its export duties levied on petrochemical products once a month, largely in accordance with changes of the crude oil export duty.

In addition, the export duty levied on crude oil will amount to $395.60/tonne, down from $396.50/tonne in December.

($1 = €0.76)

By: Sergei Blagov
+44 20 8652 3214

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