Belarus reduces oil export duties 1 November

On 1 November 2014 Belarus will reduce export duties on oil and oil products exported outside the customs territory of the Customs Union. The decision is stipulated in Resolution No. 1010 of the Council of Ministers as of 27 October 2014, BelTA has learned.

The export duty on crude oil will go down from $344.7 to $316.7 per tonne. The duty on straight-run gasoline and commercial gasoline will make up $285 per tonne ($310.2 per tonne at present). The export duty on light and medium distillates will be $209 ($227.5). The same duty will be applied to benzene, toluene, xylene, fuel oil, lubricants, waste oils, petrolatum and paraffin, petroleum coke (except for calcinated petroleum coke) and oil bitumen.

The export duty on diesel fuel will be reduced from $224 to $205.8 per tonne, that on liquefied gases from $145 to $125.8 per tonne.

The new resolution has amended Resolution No.1932 of the Council of Ministers as of 31 December 2010, which set export duties on crude oil and several oil product categories.

The above-mentioned duties are set at levels equal to the duties imposed in Russia.