Russia will lower the export duty on oil from May 1, 2021, by $2.7 to $54.9 per tonne,
According to the ministry, the average price of Urals oil for the monitoring period from March 15, 2021, through April 14, 2021, was $61,896 per barrel.
The duty on oils and light oil products will decrease to $16.4 from $17.2 per tonne, while the duty on dark oil products will drop to $54.9 from $57.6.
The duty on the export of commercial gasoline will reduce to $16.4, and in the meantime, the duty on straight-run (naphtha) will also decrease to $30.1 from $31.6 per tonne.
The duty on liquefied gas (LPG), as well as on pure LPG fractions, will be $0. The duty on coke will be $3.5 per tonne, according to the ministry.
Currently, the export duty on oil is $57.6 per tonne.