Russia’s crude oil export duty CL-EXPDTY-RU is set to increase in June to $16.2 a tonne from $14.4 a tonne in May, the finance ministry said on Monday, following a rise in global oil prices.
The level of duty is calculated by the finance ministry and based on monitoring of seaborne Urals URL-E, URL-NWE-E crude oil prices.
The ministry based the June export duty on prices recorded between April 15 and May 14.
Source: Reuters