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

Oil Producers Expect to Raise the Amount of Compensation for the Regulation of Domestic Petrol Prices
1.10.2018 14:50
Oil Producers Expect to Raise the Amount of Compensation  for the Regulation of Domestic Petrol Prices

Oil producers expect to raise the amount of compensation received by them for the regulation of domestic prices for petrol. Following the instruction of the Deputy Prime Minister Dmitry Kozak, a draft bill on the reduction of the “conditional domestic prices” for fuel used in the calculation of subsidies is already being developed. They discuss a decrease in domestic prices by about five thousand roubles - to 50.4 thousand roubles per ton of petrol and 45 thousand roubles for diesel fuel. The final decision has not yet been taken.

      According to VygonConsulting estimate, due to such changes, the amount of compensations allocated to oil producers from the budget will grow by about 200 billion roubles a year.

       According to the law on tax maneuver adopted in summer, half of the difference between the export price and conditional domestic price (the share will make up 60 percent in 2019) is compensated to oil companies from the budget.

      Find more about Russian laws and consult our attorneys.

      Now the domestic prices area 56 thousand roubles per ton for petrol and 50 thousand roubles for diesel fuel.

      Read More Articles about Business in Russia


Author: Anna Dorozhkina

Tags: Russian oil Russian business Russian laws   

Next Previous

You might also find interesting:

All Stores in Russia may be Obliged to Accept Bank Cards
Russian IT Market is Growing
The Top Selling Cars in Russia
Export Duty on Oil will be Gradually Reduced to Zero
Skolkovo LegalTech 2018 Conference

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Legal Services in Russia  The House-Museum of Pushkin's Uncle  Robots  Russian tourism  Maksimilian Voloshin  Fyodor Bogorodsky  Murmansk Region  Burial Grounds  Federal Register of diplomas  Sergey Rachmaninov  fashion designer  Russian Museum  Nikolay Suyetin  Circassian Garden  Russian social networks  Kirov  bus tickets Russia FIFA  transfer from Russian airports  Federico Severino  Russian regions  Safe City   Russian business  St. Petersburg  FIFA World Cup   Architecture Monuments  Russian history  Vladimir Engelhardt  Izhevsk  Elbrus  Sochi 2014  Exhibitions in Moscow  Moscow monuments  Smolensk plane crush  Irkutsk Region  Russian hospitality industry  Sergey Lavrov  Moscow  Russian websites  Boris Berezovsky  Russian media  Mercedes-Benz Fashion Week Russia  Child Labour  music  Festivals in Moscow  Novogorod  Russian anomalous zones  Charity  Russian economy  Russian Cinema  Russia-Syria 

Travel Blogs
Top Traveling Sites