Russian Government Considers Introducing Oil Products Export Duty Of $250/t - Reuters

(Updated - September 19, 2023 8:45 AM EDT)

Russian Government Considers Introducing Oil Products Export Duty Of $250/t - Reuters

• Russia's government is considering imposing export duties on all types of oil products of $250/ton from Oct. 1 until June 2024 to tackle fuel shortages.
• The domestic fuel shortage in Russia is due to maintenance work at refineries, infrastructure bottlenecks and a weaker rouble.
• Russian news agencies first reported the potential duty hike last Friday.

• The duty for light products, middle distillates and diesel currently stands at $6.4 per ton and crude oil duty and the export fees for heavy oil products were $21.4 per ton in September.

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