The Duty on Oil Exports from Russia Will Increase to $ 152 Per Ton
OREANDA-NEWS The duty on oil exports from Russia will increase to 152 dollars per ton on November, 1 this year. This is stated in the materials of the Ministry of Finance, published on the website of the Department.
In October this year, the duty on oil exports from Russia amounted to 137.5 dollars per ton. Thus, the growth of this indicator will be 14.5 dollars.
The Ministry of Finance reported that the average price of Urals oil from September,15 to October,14 was 81.11 dollars per barrel (592.1 dollars per ton).
The zero oil duty rate will continue to apply to some fields in Eastern Siberia, the Caspian fields and the Prirazlomnoye field.
The duty on liquefied gas in November will be $ 51,1, on the net fraction of liquefied petroleum gas — $ 23,6, and on high-viscosity oil it will increase from $ 22,7 to $ 25,4.
For the export of light oil products and oils will have to pay 45.6 dollars per ton, and for the dark - 152 dollars. For commercial gasoline duty will be 45.6 dollars, for straight-run-83.6 dollars.
The duty on mineral coke export will also increase - from 8.9 to 9.8 dollars per ton.
On Monday, October 15, world oil prices rose by more than 1%. Thus, at 8:42 (GMT), the cost of December futures for the North Sea oil mixture of Brent showed an increase of 1.21% and reached 81.4 dollars per barrel.
Guotai Junan Futures analyst Wang Xiao connects such processes with the market's fear of geopolitical risks in the Middle East. In particular, we are talking about the statements of the US and Saudi Arabia about the disappearance of the Saudi journalist in Turkey.
Last week, the first Deputy Chairman of the Central Bank Ksenia Yudaeva admitted that in the next three years, oil prices will fall by more than half. She made the corresponding statement during hearings of the draft Federal budget for 2019-2021 which took place in the Federation Council.
According to this information, the financial regulator for a three-year period provided two main scenarios for oil: with a gradual decrease in the cost of a barrel to 55 dollars and with a constant price of 70 dollars.