Belarus to Raise Export Duties on Oil, Petroleum Products in May

The export duties on crude oil and some categories of derivative oil products were previously revised downwards on 1 April.

SEATTLE (Oil Monster): On 1 May Belarus will raise customs duties on oil and petroleum products, which are exported beyond the customs territory of the Eurasian Economic Union (EAEU). The decision is laid down by the Council of Ministers' resolution No. 325 of 25 April 2018, BelTA learned from the press service of the Belarusian government.

The export duty on crude oil will be increased from $111.4 to $118.5 per tonne. The export duty on straight-run gasoline will be raised from $61.2 to $65.1 per tonne, with the export duty on commercial gasoline to go up from $33.4 to $35.5 per tonne.

The export duty on light and medium distillates will make up $35.5 per tonne, up from $33.4. The same rate will be applied to diesel fuel, benzene, toluene, xylene, lubricants, and other oils.

The export duties on crude oil and some categories of derivative oil products were previously revised downwards on 1 April. 

Courtesy: http://eng.belta.by