Belarus Reduces Export Duties On Oil

• 1.09.2016, 8:59

Export duties on oil and oil products exported from the EAEC will be reduced from September 1.

The Council of Ministers of Belarus has adopted the relevant Resolution.

According to that document, the export duty on crude oil will be reduced from $90.1 to $80 per tonne. The duty on straight-run gasoline will be reduced from $63.9 per tonne to $56.8 per tonne, with the export duty on commercial gasoline cut down from $54.9 to $48.8 per tonne. The export duty on light and medium distillates will be $32 per tonne, (instead the current $36). The same rate will be applied to diesel fuel, benzene, toluene, xylene, lubricants, and other oils, the press service of the Belarusian government informs.

Last time when the export duties on crude oil and some categories of derivative oil products were revised was on August 1. That time they were reduced as well.