Belarus lowers export duty on crude oil and oil products

Photo: ria.ru
Photo: ria.ru

Belarus on May 1 introduced lower export duties on crude oil and refined products exported from the Eurasian Economic Union, under the Council of Ministers resolution No 313 dated April 29, 2017.

The government's press office reports that the export duty on crude oil has been reduced from $88.9 down to $84 per one ton. The duty on straight-run gasoline (naphta) is set at $46.2 down from $48.8 per ton. The duty on commercial gasolines was lowered from $26.6 donw to $25.2 per ton.

More details are available here. The last time Belarus lowered export duties on crude oil and oil products was on April 1, 2017.