Russia cuts petchem export duties for October

MOSCOW (MRC)–The Russian government announced that export duties levied on petrochemical products and crude oil would go down next month.

The duty levied on benzene, xylenes and toluene is set at $13.60/tonne from 1 October 2020, down from $14.20/tonne in September, according to an announcement of the Russian Economic Development Ministry.

Next month Russia’s export duty imposed on naphtha will amount to $24.90/tonne, from $26.10/tonne.

Russia reviews its export duties levied on petrochemical products on a monthly basis in line with changes of the crude oil export duty. From 1 October, Russia’s export duty imposed on crude oil will amount to $45.4/tonne  from $47.5/tonne in the previous month.

Russia’s export duty levied on liquefied hydrocarbon gases will amount to $0/tonne in October or unchanged month-on-month.

MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.