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Russia to raise oil export duties to record $333.8 per ton in Feb.

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Russia will raise oil export duties by $58.4 to $333.8 per metric ton from February 1, in line with global market trends, the government press service said on Wednesday.
MOSCOW, January 16 (RIA Novosti) - Russia will raise oil export duties by $58.4 to $333.8 per metric ton from February 1, in line with global market trends, the government press service said on Wednesday.

According to a resolution Prime Minister Viktor Zubkov signed on Monday, export duties on light petroleum products will be set at $237.2 per ton, against the current $197.8 per ton. Duty on heavy petroleum products will rise to $127.8 per ton from the current $106.6 per ton.

The Russian government adjusts export duty on crude and petroleum products every two months, depending on changes in the Urals blend price on world markets.

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