12:03 GMT +316 July 2018
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    Russia to raise oil export duty to record $495.9/ton from August

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    MOSCOW, July 22 (RIA Novosti) - Russia's government has approved a rise in Russian oil export duty of $97.8 to a record $495.9 per metric ton as of August 1, the government press service said on Tuesday.

    Export duties on light oil products will rise to $346.4 per ton from August 1, 2008, from the current $280.5, and duty on heavy petroleum products will grow to $186.6 per ton from $151.1.

    The 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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