BELARUS NEWS AND ANALYSIS
DATE:
02/04/2009
Belarus reduces oil export duty April 1
MINSK, 2nd April 2009 (WAM) - On April 1, 2009, Belarus reduced the crude oil export duty from $115.3 per tonne to $110 per tonne. The Council of Ministers issued relevant resolution No 382, BelTA was told in the Council of Ministers Office.
The oil export duty has been revised downward following a similar reduction in the export oil duty in the Russian Federation effective from April 1. The export duty on oil products will be reduced to the level of the duties valid in Russia. For example, duties on light oil products (light and middle distillates, liquefied gas, benzol, toluene and xylol) will be reduced from $90 per tonne to $86.4. Duties on heavy petroleum products (engine oil, processed oil products, mineral wax, oil coke, oil asphalt) will be cut from $48.5 per tonne to $46.5 per tonne.
In line with the intergovernmental Belarusian-Russian agreement, export duties on oil and oil products in Belarus are equal to the duties applied in Russia and are introduced on the same date.
In conformance with the Belarusian-Russian agreement, in 2009 the coefficient of 0,356 will be used for calculating the duty on oil supplied to Belarus from Russia. From April 1 the duty for Belarus makes up $39.2 per tonne.
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