Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

The Government will be Able to Increase Export Duties on Oil Products
31.07.2018 13:35
The Government will be Able to Increase Export Duties on Oil Products
(Source: https://pronedra.ru/industry/oil)

 The government will be able to increase export duties on oil products.

      The corresponding bill has been approved by the Federation Council. The introduced mechanism will be used to promptly respond to a situation where oil companies stop complying with obligations to support the prices at the required level. If this document is adopted, the Cabinet of Ministers will have the opportunity to increase export duties on petrol, diesel fuel, kerosene, toluene, xylenes, lubricating oils and other products, up to 90% of oil duties.

      Read More Articles on Doing Business in Russia

      Nowadays the export duty for petrol, naphtha, kerosene, light heating oil, oil and diesel fuel makes up 30% of the  oil duty rate, whereas the duty for straight-run petrol is 55%. At the same time, the marginal rate of the export customs duty on crude oil should remain at the level of 30%.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: Russian oil Russian business Legal Services in Russia   

Next Previous


You might also find interesting:

SPIEF: E-commerce Race
24.05.2018
Cheese Control
16.04.2018
New Fines for Companies Hiring Foreigners to Work in Russia were Introduced
02.08.2018
The Eastern Economic Forum Business Program
08.09.2018
Gazprom Increased the Volume Of Gas Exports to Turkey
29.10.2017







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

-8

search on the map
TAGS:
Nizhneudinsk  Mercedes-Benz Fashion Week Russia  Russian intelligence service  Russian Literature  Eurovision  sanctions  rhythmic gymnastics  Spasskaya Tower  Andrey Zvyagintsev  Dankov  Serebryanyi Ruchei  Izhevsk  Marshmallow Museum  Multimedia Art  Rostov Region  Archaeology  Archeology  State Duma  Russian social networks  Bobsleigh  Russian national hockey team  education  Russian Cinema  Russian winter sports  Georgy Leman  Highways  Russian academy of sciences  pastila   Fair Russia  Robots  Triumphal Square  Russian sanctions   Moscow  Zinovy Gerdt  Yandex  Alexander Vampilov Modern Drama Festival   Traffic Police  Samara Region  Russian Architecture  Contemporary Writers  Russian tourism  Moscow police  Visa   Russian history  St. Petersburg  Exhibitions in Moscow  satellite  Skolkovo  Russian business  Books 


Travel Blogs
Top Traveling Sites