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:

The PwC Russia Accelerator is Looking for Technical Startups
18.09.2019
The Trade Turnover between Russia and China in 2018 Increased by 27.1 Percent
21.01.2019
The Amount of Investment in Fixed Assets in Moscow has Grown by 19.5%
17.09.2019
The Number of Ads for the Sale of Ready-made Businesses Increased
18.07.2019
Fines for Delay and Failure to Submit Financial Statements will be Increased
23.12.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Silk Screening  Russian academy of sciences  Russian tourism  Lipetsk   Russian Cinema  Moscow Museums  Russian regions  Russia international  USAID  Russian business  Aeroflot  southern Russia  Russian circus  travel to Russia  Kuril Lake  Krasnoyarsk Territory  Krasnodar places of interest  invalids in Russia  Russian tax authorities  corruption  Russian society  Princes  FIFA Russia 2018  Painting  Festivals in Moscow  Dno  Polonsky  Russia Travel Tips  Red Square  LifeNews  Sightseeing in St. Petersburg  investment in Russia  Russian scientists  Fairs in Moscow  Must See Places  St. Petersburg  Jazz  society  Exhibitions in Moscow  students  Alexander Herzen  Metallurgy  Beer  travel to Samara  Mercedes-Benz Fashion Week Russia  satellite  Exhibitions in St. Petersburg  Moscow  Baikal  Pyotr Rychkov monument 


Travel Blogs
Top Traveling Sites