Belarus reduces export duties on oil, oil products

As of 1 February Belarus reduced export duties on oil and oil products, which are exported beyond the customs territory of the Eurasian Economic Union, the press service of the Belarus government told BelTA. The relevant decision is laid down by Council of Ministers executive order No. 56 of 29 January 2015.

The export duty on crude oil dropped from $170.2 to $112.9 per tonne. The export duty on straight-run gasoline went down from $132.7 per tonne to $95.9, with the export duty on commercial gasoline down from $132.7 to $88 per tonne respectively. The export duty on light and medium distillates now stands at $54.1 per tonne (down from $81.6). The same export duty will be applied to benzene, toluene, xylene, lubricants, and other oils.

In accordance with the executive order the export duty on liquefied hydrocarbon gases is now zero (down from $48 per tonne).

The previous reduction of the rates of the export duties on crude oil and certain oil derivatives took place on 1 January.