Russia cuts June export duties on petchem products, crude oil

21 May 2013 15:10  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government is cutting June export duties on petrochemical products and crude oil, it said on Tuesday.

From 1 June, the duty levied on benzene, xylenes and toluene is set at $237.10/tonne, down from $249.70/tonne in May, according to a statement from the Russian Economic Development Ministry.

Next month Russia's export duty on gasoline and naphtha will amount to $323.30/tonne, down from $340.60/tonne in May.

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

From 1 June, Russia's export duty on crude oil will amount to $359.30/tonne, down from $378.40/tonne in May.

By: Sergei Blagov
+44 20 8652 3214

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