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Russia Raises June Oil Duty to 3-Year High, Extends Gasoline Tax
May. 30, 2011 03:05PM PST
Oil and Gas InvestingBloomberg reported that Russia will be raising its export duty on oil to its highest level in three years.
Bloomberg reported that Russia will be raising its export duty on oil to its highest level in three years.
The market news is quoted as saying:
The export tax on light oil products will climb to $309.60 a ton from $304. The duty on heavy products will rise to $215.80 a ton from $211.80 a ton.