Russia cuts petchems, crude oil export duties

29 April 2013 15:35  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government on Monday announced it is to cut export duties on a number of petrochemical products and crude oil.

From 1 May, the duty levied on benzene, xylenes and toluene is set at $249.70/tonne (€192/tonne), down from $265.00/tonne in April, the Russian Economic Development Ministry said.

Russia's export duty levied on gasoline and naphtha will amount to $340.60/tonne next month, down from $361.40/tonne in April, it added.

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

From 1 May, Russia's export duty levied on crude oil will amount to $378.40/tonne, a fall from $401.50/tonne in April.

($1 = €0.77)

By: Sergei Blagov
+44 20 8652 3214

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