Belarus to raise oil export duties 1 June

Belarus raises export duties on oil and oil products exported outside the customs territory of the Eurasian Economic Union on 1 June. The relevant decision is contained in Council of Ministers executive order No. 444 of 26 May 2015, BelTA has learned.

The export duty on crude oil will go up from $116.5 to $144.4 per tonne. The duty on straight-run gasoline will make up $122.7 per tonne as against the current $99 per tonne, commercial gasoline - $112.6 ($90.8). The export duty on light and medium distillates will be $69.3 ($55.9). The same duty is applied to gas oil, benzene, toluene, xylene, lubricants, and other oils.

The above-mentioned duties are set at levels equal to the duties imposed in Russia.

Exports duties on crude oil and some categories of oil products were previously reduced on 1 May. Then they were revised downwards.

The executive order comes into force on 1 June 2015.