Russia cuts petrochemical, crude oil export duties for November

16 October 2013 11:23  [Source: ICIS news]

MOSCOW (ICIS)--The Russian government announced on Wednesday that export duties levied on petrochemical products and crude oil will go down next month.

From 1 November, the duty levied on benzene, xylenes and toluene is to be $261.20/tonne (€193/tonne), down from $274.80/tonne in October, according to the announcement of the Russian economic development ministry, released on Wednesday.

Next month Russia's export duty levied on gasoline and naphtha will amount to $356.30/tonne, down from $374.70/tonne in October.

Russia reviews its export duties levied on petrochemical products on a monthly basis in accordance with changes to crude oil export duty.

From 1 November, Russia's export duty levied on crude oil will amount to $395.90/tonne, down from $416.40/tonne in October.

($1 = €0.74)


By: Sergei Blagov
+44 20 8652 3214



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