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:

Abrau Durso and X5 Retail Group will Create a Joint Venture
11.07.2019
Technical Recession in the Russian Economy is Predicted
05.08.2019
Fines for Delay and Failure to Submit Financial Statements will be Increased
23.12.2018
The Cumulative Wealth of the Richest Russians has Grown by $ 35.6 Billion
26.08.2019
The Moscow Mayors Office Decided to Slow Down the Growth of the Property Tax Rate
25.12.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Nikolay Basov  Russian Cinema  Russian property  Russian regions  Russian tourism  Gazprom  Book Tickets for Concerts  Moscow  Imereti Ornithological Park   Russian Film Distribution  Russian Literature  Exhibitions in Moscow  Lyudmila Alekseyeva  AvtoVAZ   Russian Art Week in London  Russian Poetry  WTO accession  International Yoga Day   Vladimir Spivakov Invites  Kamyshin  Waste Disposal  Russian automobile industry  IT market in Russia  active holidays in Russia  Anti-narcotic Police  Russian political parties  Sochi 2014  Mercedes-Benz Fashion Week Russia  Russian culture  Russian roads  Rotterdam Film Festival  Velvet Season  Romanovs  Russian hockey  Pskov Region  Republic of Tatarstan  Russian Music Instruments  Russian business  Murmansk Region  Bear attacks  Petersburg events  Khakassia   St. Petersburg  Russian Investigative Committee  Festivals in Moscow  Konstantin Khabensky  travel to Russia  Lake Ilmen  Moscow airports  Censorship 


Travel Blogs
Top Traveling Sites