Russia has reduced the export duty on oil

According to the ruling of Russian government № 876 (26 November, 2008) the amount of export duty on oil will be $192.1 per ton. Duty on light oil products will be $141.8 per tonne, on dark – $76.4 dollars per tonne.

This ruling will protect Russian oil exporters from the crisis in the oil market. Earlier, the export duty on oil was $287.3 per tonne, the rate of duty on light oil products amounted to $205.9 per tonne, on dark – $110.9.

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