Russia cuts October crude oil and petroleum product export tax

According to an overseas media report on October 2 in Moscow, Russia’s crude oil export tax was lowered from US$273.5 per tonne in September to US$266.5 per tonne from October 1, and the export tax per tonne of crude oil was reduced by US$7.

At the same time, the export tax on crude oil produced in the Eastern Siberia region of Russia was also lowered from US$87 per tonne in September to US$82.1 per tonne.

According to the decree signed by Prime Minister Putin, Russia’s export tax for light petroleum products in October was 196 per tonne from September. The dollar was downgraded to 191.8 dollars per ton, while the export tax for heavy petroleum products was lowered from 105.9 dollars per ton in September to 103.3 dollars per ton.