Russia Raises June Oil Duty to 3-Year High, Extends Gasoline Tax

- May 30th, 2011

Bloomberg 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.

To read the full market news, click here.

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