OREANDA-NEWS. August 18, 2008. The Russian Finance Ministry has proposed adjusting the MET rate for natural gas by CPI effective 2011, Alexei Kudrin said.

This is in line with key parameters of the budget strategy for a period of up to 2023, which is to be submitted to the government within a week. A similar adjustment is provided for all excise rates effective 2011, including motor fuel.

According to Kudrin, a hike in the gas MET and excises will be one of the sources used to raise pensions.