Belarus Reduces Oil Export Duty
OREANDA-NEWS. On December 1, 2008, Belarus reduced the crude oil export duty from US287.3 per tonne to US 192.1 per tonne. The Council of Ministers issued relevant resolution No 1816, reported the Official website www.government.by.
The oil export duty has been revised downward following a similar reduction in the export oil duty in the Russian Federation effective from December 1. The export duty on oil products will be reduced 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 be reduced from US 205.9 per tonne to US 141.8. Duties on heavy petroleum products (engine oil, processed oil products, mineral wax, oil coke, oil asphalt) will be cut from US 110.9 per tonne to US 76.4 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 will be used for calculating the duty on oil supplied to Belarus from Russia. From December 1 the duty for Belarus makes up US 64.4 per tonne.
Комментарии