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:

Gold and Foreign Exchange Reserves of Russia Have Grown
Resources and Economics of Global Oceans to be Discussed at SPIEF 2018
New Tax Law for Entrepreneurs in Russia Comes into Force
A Single Space for Cooperation between Start-ups, Investors and Universities
Russia Can Tighten Control over the Activities of Foreign Payment Services

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Larisa Shepitko  Mikhail Prokhorov  St. Petersburg  Illiteracy  Tver region  Ilf and Petrov  Russian media  Misha Brusilovsky  Moscow  Soviet Russia  Russian Rock  Russian medicine  Golden Mask  natural disaster  incident  Russian history  Suzdal  Belokurikha  Pobeda  Siberia  the Tyumen region  Orthodox Church  Russian science  Moscow Zoo  Anna Ostroumova-Lebedeva  Ecotourism  Russian Cinema  Mercedes-Benz Fashion Week Russia  Russian tourism  Nature Reserves  Russian art  Moscow taxis  South Ossetia  Russian business  Geoportal  Primorsky Territory  Russian Literature  Boris Kornilov  Mikhail Bulgakov  FIFA  Segezha  Contemporary Museum of Calligraphy  Leningrad Zoo  Exhibitions in Moscow  Grozny  Vladimir Golitsyn  Alexander Osmerkin  Russian men-of-arms  Archeology  Krasnodar Territory 

Travel Blogs
Top Traveling Sites