Starting from December 1, 2020, the crude export duty in Russia will be reduced by 0.2 USD/MT - from 42.2 USD/MT in November to 42.0 USD/MT in December.
This was reported by the Ministry of Finance of the Russian Federation.
According to the Ministry of Finance of the Russian Federation, the average price of the Russian export Urals crude for the monitoring period from October 15 to November 14, 2020, amounted to 40.4225 USD/barr. or 295.1 USD/MT.
The reduced rate of the crude oil duty for several deposits in the Eastern Siberia, ACG and Prirazlomnoye field remains equal to 0:
It is provided for by the formula accepted as part of the tax maneuver in the oil industry since February 2015, according to which the export duty rates for the specified deposits remain equal to 0, if the average oil price is less than 76 USD/barr.
The duty for high-viscosity oil remains at 4.2 USD/MT.
The duty for light petroleum products and oils remains at 11.6 USD/MT, for the dark ones it is reduced from 42.2 USD/MT to 42.0 USD/MT.
The export duty for commercial gasoline remains the same and is equal to 12.6 USD/MT, for the straight-run one (naphtha)- it is reduced from 23.2 USD/MT to 23.1 USD/MT.
For liquefied gas (mixture of technical propane butane mixture) and clear fractions of liquefied gas (liquefied hydrocarbon gases), the duty remains equal to 0.
The coke duty remains the same as well - 2.7 USD/MT.