SEND OIL EXPORT DUTIES UP, CALL TRADE PROTECTION EXPERTS

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India
MOSCOW, November 10 (RIA Novosti) - Russian petroleum export duties ought to rise to US$101 a tonne, as of December 1, an interdepartmental commission for foreign trade protection and customs and tariff policies called the federal government. The information reached Novosti from the Ministry of Economic Development and Trade press service.

The recommended rate proceeds from two months' monitoring of Urals petroleum pricing in the world markets. The analyses concerned last September and October. The new rates are expected to hold for the next two months, said our informant.

Present-day petroleum export duties are at $87.9 a tonne.

The commission has not yet regarded prospects to update the procedure of appointing export duties for petrochemical products, added the ministerial spokesman.

Commission experts deem it necessary to put on a permanent footing the present-day duty rates for lorries manufactured more than seven years ago. The duties increased, January last, to 1 Euro per engine cubic centimetre. The arrangement was initially meant to hold for nine months.

The commission also calls for permanent abolition of aluminium oxide export duties. The substance was exempted from duties for nine months, January last.

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