Russia May Raise Oil Export Duty 4.7% in December on Urals Price

Russia may raise its duty on regular crude exports as much as 4.7 percent and on shipments with a discounted rate as much as 9.7 percent on Dec. 1 after Urals prices rose.
The standard tax rate will probably be in a range of $302.30 a metric ton to $304.40 a ton ($41.53 a barrel) from $290.60 a ton in November, according to Bloomberg calculations based on Finance Ministry data. The discounted rate on oil pumped via Russia’s East Siberian-Pacific Ocean pipeline to Asia may reach $106.90 a ton to $108.40 a ton from $98.80 a ton. Oil exports from the Russian sector of the Caspian Sea will get a discounted rate when legislation takes effect.
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Source: Bloomberg