Belarus to reduce oil export duties 1 December

On 1 December 2014 Belarus will reduce export duties on oil and oil products exported outside the customs territory of the Customs Union, BelTA learned from the press service of the Belarusian government.

The export duty on crude oil will go down from $316.7 to $277.5 per tonne. The duty on straight-run gasoline and commercial gasoline will make up $249.7 per tonne ($285 per tonne at present). The export duty on light and medium distillates will be $183.1 ($209). 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 $205.8 to $180.3 per tonne, that on liquefied gases from $125.8 to $124.8 per tonne.

Exports duties on crude oil and some categories of oil products were previously reduced on 1 November.

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