1 November 2016

Belarus raises oil export duties

MINSK, 1 November (BelTA) – Belarus raised export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union, on 1 November 2016. The relevant decision is stipulated by the Council of Ministers’ executive order No.877 of 26 October 2016, the press service of the Belarus government told BelTA.

The export duty on crude oil went up from $91.9 to $92.7 to per tonne. The duty on straight-run gasoline was raised from $65.2 per tonne to $65.8 per tonne, with the export duty on commercial gasoline up from $56 to $56.5 per tonne.

The export duty on light and medium distillates now makes $37 per tonne, up from $36.7. The same rate will be applied to diesel fuel, benzene, toluene, xylene, lubricants, and other oils.

The export duties on crude oil and some categories of derivative oil products were previously revised upward on 1 October.

BELARUSIAN NEWS