Russia introduces new customs duties on export of oil products

Oct 20, 2004 02:00 AM

The Russian government introduced new customs duties on oil products exported beyond the boundaries of states, which are members of the customs union, the department of state information disclosed.
Prime Minister Mikhail Fradkov signed the relevant document on October 18. The document comes into force after a month of its official introduction.

The new customs duty, which is $ 57 per 1,000 kg, has been set for export of benzene, toluene, xylene, lubricant oils, used oil products, propane, butane and other liquefied gases.
Moreover, starting from November 20 the same duties will go for export of xylene, distillates, gas-oils, wastes from oil and oil products processing extracted from bituminous rocks. Crude oil products and calcifying petroleum coke will be exported duty-free.

Currently, customs duties on export of oil products total $ 45.5 per ton.
They became effective on August 30 and the proper document had been signed by the prime minister on July 30. Before that the customs duties on export of oil products were set at $ 37.5 per ton.

Source: RIA Novosti
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