Belarus has increased export duties on oil and petroleum products since September 1. In this respect informs Interfax.
Export tax rates for crude oil, petroleum bitumen, fuel oil, petrolatum and paraffin, and waste oil products increased to $21.4 per ton, compared to $16.9 previously applicable. Belarusian companies are required to pay $11.7 per tonne (previously $9.2) when delivering straight fuel abroad. Taxes on commercial gasoline and diesel increased from $5 to $6.4 per ton. The same fee applies to suppliers of medium distillates, benzene, toluene, xylene, lubricating oils.
Prior to that, Minsk had lowered taxes on 1 July, then increased them on 1 August. Rates also increased on 1 June, 1 May, 1 April and 1 March. This is the current increase in missions; sixth this year. On February 1, rates were lowered. On 1 January, customs duties were cut sharply by 61.4%.
Since 2010, Belarus has combined the rates of export duties on oil and petroleum products with those in force in Russia. Minsk does this by considering duty-free oil imports from Moscow. According to the agreements concluded within the framework of the Eurasian Economic Union, since 2015, all export taxes on oil and petroleum products remain in the Belarusian budget.
In Russia from September 1 operate Export taxes on oil and petroleum products were increased. Customs duty on oil rose to $21.4 per ton, $6.4 per ton for light petroleum products, and $21.4 per ton for dark-colored products. The duty on gasoline is $6.4 per ton. The same task applies to gas. The increase in the export tax on oil will provide additional income to the Russian budget. But for domestic oil companies, this means lower export earnings. In mid-August, Russian Deputy Prime Minister Alexander Novak instructed The Ministry of Energy will consider the possibility of issuing licenses for the export of petroleum products from Russia.
Previously it happened It is known that the cost of petroleum products may increase in Russia.