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    RUSSIAN GOVERNMENT RAISES EXPORT DUTIES FOR OIL AND OIL PRODUCTS

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    MOSCOW, March 18, 2004. (RIA Novosti) - The Russian government has established new export duties for oil and oil products.

    According to the government information and press department, export duties for oil will now stand at $35.2 per ton and will take effect on April 1, 2004. On February 1, it was $33.9 per ton.

    Export duties for light and medium distillate, gasols and liquid fuels have been fixed at $31.7 per ton (earlier $30.5). This flat rate will be effective a month after the government's resolution is officially issued.

    According to the government information department, new export duties have been fixed by the Russian government's resolution of March 16. According to the law on customs tariffs, every two months the cabinet corrects export duties for oil, proceeding from the two months' monitoring of average prices for oil of the Urals brand on the world oil markets.

    Since last December, oil export duties have gone up by an average of $2.45 per ton.

    The most significant growth rate of export duties was registered last autumn - they were increased by nearly $9 from October 1. However, on December 1, the figure was cut by $2.6.

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