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Export Duty for Russian Oil Down by $2.1 Starting April 1 - Ministry

Sputnik International

The export duty for Russia’s oil was lowered by $2.1 at the start of April, as compared to last month, documents released by Russia’s Ministry of Economic... 01.04.2017, Sputnik International

2017-04-01T02:22+0000

2022-11-15T14:18+0000

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Export Duty for Russian Oil Down by $2.1 Starting April 1 - Ministry

02:22 GMT 01.04.2017 (Updated: 14:18 GMT 15.11.2022)

A worker at an oil field owned by Bashneft, Bashkortostan, Russia. (File) - Sputnik International

The export duty for Russia’s oil was lowered by $2.1 at the start of April, as compared to last month, documents released by Russia’s Ministry of Economic Development reveal.

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MOSCOW (Sputnik) – Starting from April 1, the oil export duty will be $88.9 per tonne (metric ton), while in March the figure stood at $91.

The higher-viscosity crude blends export duty will be lowered to $13.8 per tonne starting April 1, while last month it was $14.2.

The average price for the Urals blend of crude was $52.26 per barrel ($381.5 per tonne) in the period of February 15 – March 14, according to the Russian Finance Ministry.