Russia’s oil export duty to rise to $104.6/T in May
Russia’s oil export duty CL-EXPDTY-RU is expected to rise to $104.6 per tonne in May from $97.4 per tonne in April following a rise in oil prices, the finance ministry said on Monday. The level of the duty is calculated by the finance ministry and is based on the monitoring of seaborne Urals URL-E URL-NWE-E crude oil prices.
The ministry made its calculations for the May export duty from prices recorded between March 15 and April 14. Export duty per tonne, in U.S. dollars:
May April RICs Average price for 69.03 65.07 URL-NWE-E calculation (barrel) URL-E Average price (tonne) 503.9 475.0 URL-NWE-E URL-E Crude oil 104.6 97.4 CL-EXPDTY-RU Discounted rate* 0.0 0.0 DCL-EXPDTY-RU High viscosity crude 10.4 9.7 HVCL-EXPDTY-RU Light products, middle 31.3 29.2 PROD-EXPDTY-RU distillates Gasoline 31.3 29.2 MOG-EXPDTY-RU Diesel 31.3 29.2 DL-EXPDTY-RU Naphtha 57.5 53.5 NPTH-EXPDTY-RU Heavy products 104.6 97.4 FO-EXPDTY-RU Petroleum coke 6.7 6.3 PETC-EXPDTY-RU Oil lubricants 31.3 29.2 MOIL-EXPDTY-RU Propane-butane blend 0.0 0.0 LPG-EXPDTY-RU LPG clean fractions 0.0 0.0 BUT-EXPDTY-RU
The discounted rate for crude produced at newer fields in eastern Siberia, fields operated by Lukoil LKOH.MM in the Caspian Sea and Gazprom Neft’s Prirazlomnoye offshore Arctic field.
Source: Reuters (Reporting by Darya Korsunskaya Writing by Maria Kiselyova)