Russia's export duty on its Urals crude could be increased from the current 268.9 U.S. dollars per ton to 281-284 dollars per ton from May 1, a Finance Ministry official said Monday.
The average price for Urals crude was 78.11 dollars per barrel from March 15 to April 14, compared with 75.52 dollars per barrel for the previous monitoring period. To mirror the rise in oil prices, the oil export duty should further rise to 281-284 dollars per ton, according to Alexander Sakovich who is in charge of customs payments.
Meanwhile, duty on light petroleum products will jump to 202-204 dollars per ton, and duty on heavy petroleum products 109-110 dollars per ton.
The exact figures will be announced later this month, said the official.
On March 30, Russian Prime Minister Vladimir Putin signed a decree raising oil export duty from 253.6 dollars to 268.9 dollars per ton starting April 1.
The Russian government adjusts oil export duties monthly to reflect fluctuations in global oil prices./.