31 May 2007
Cabinet to raise export duty on oil, petroleum products on June 1
The Belarusian Council of Ministers will raise the rate of the crude oil export duty from $156.4 to $200.6 per ton on June 1.
The export duty on light and middle distillates, gasoil, liquefied petroleum gases, benzene, toluene and xylol will be increased from $117.7 to $147.5 per ton and on oils, fuel oils, petroleum coke, asphalt and other petroleum byproducts from $63.4 to $79.4 per ton.
Belarus has changed the rates of the export duties on petroleum products under an agreement with Russia signed earlier this year. Under the accord, the two countries should have the same rates of the duties.
Russia revises the rates of the export duties on oil and petroleum products every two months depending on a change in world oil prices. The rate of Russia's duty on oil exports to Belarus is 29.3 percent of the rate applied to crude exports to other countries.
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