OREANDA-NEWS. On April 01, 2008 Belarus increases the crude oil export duty from \\$333,8 to \\$340,1 per tonne. The Council of Ministers issued relevant resolution No. 476 on March 28, reported the Official website www.government.by.

The oil export duty has been revised upward following a similar increase in the export oil duty in the Russian Federation effective from April 1. On April 1, the export duty on oil products will increase to the level of the duties valid in Russia. For example, duties on light oil products (light and middle distillates, liquefied gas, benzol, toluene and xylol) will grow from \\$237,2 to \\$241,4 per tonne. Duties on heavy petroleum products (engine oil, processed oil products, mineral wax, oil coke, oil asphalt) will be increased from \\$127,8 to \\$130,1 per tonne.

In line with the intergovernmental Belarusian-Russian agreement, export duties on oil and oil products in Belarus are equal to the duties applied in Russia and are introduced on the same date.

In conformance with the Belarusian-Russian agreement, in 2008 the coefficient of 0,335 (instead of the previous 0,293) will be used for calculating the duty on oil supplied to Belarus from Russia.