Belarus Increased Export Crude Oil Duty
OREANDA-NEWS. September 07, 2009. The export crude oil duty in Belarus was increased from US222 to US 238.6 per 1 tonne. The Council of Ministers adopted relevant Resolution No 1122, reported the Official website government.by.
The oil export duty was revised upward following a similar increase in the export oil duty in the Russian Federation. The export duty on oil products was raised 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) was increased from US 161.9 per tonne to US 173.1 per tonne. Duties on dark petroleum products (engine oil, processed oil products, mineral wax, oil coke, oil asphalt) were raised from US 87.2 to US 93.2 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. They are imposed in Belarus on the same day as the duties in Russia.
In accordance with the Belarusian-Russian agreements, in 2009 the oil duty for Belarus is calculated under the coefficient of 0,356 of the Russian duty. Beginning 1 September, it will make up US 84.9 per 1 tonne in Belarus as against US 79 in July.
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