OREANDA-NEWS. On October 01, 2008, Belarus down the crude oil export duty from US495.9 to US 372.2 per tonne. The Council of Ministers issued relevant resolution No 1426 of September 27, reported the Official website www.government.by.

The oil export duty has been revised upward following a similar reduction in the export oil duty in the Russian Federation effective from October 1. On October 1, the export duty on oil products will be downed to the level of the duties valid in the Russian Federation.

For example, duties on light oil products (light and middle distillates, gas oil, liquefied gas, benzol, toluene and xylol) will be reduced from US 346.4 to US 263.1 per tonne. Duties on heavy petroleum products (engine oil, processed oil products, mineral wax, oil coke, oil asphalt) will be reduced from US 186.6to US 141.7 per tonne.

In line with the intergovernmental Belarusian-Russian agreement, export duties on oil and oil products in Belarus are equal to the duties applied in Russia and are introduced on the same date.
In conformance with the Belarusian-Russian agreement, in 2008 the coefficient of 0,335 will be used for calculating the duty on oil supplied to Belarus from Russia.

On October 1, the customs special duty on the Russian oil imported to Belarus will make up US 124.7.