The average price for a barrel of Russian Ural oil in the period from January 15 to February 14, 2023 was approximately 50.51 dollars. When converted to a per-ton figure, this translates to about 368.7 USD, as reported by the Ministry of Finance of the Russian Federation. This gives a clear snapshot of the market value during that window and underscores how price formulas feed into broader fiscal planning and export calculations within the country’s energy sector.
During the monitoring period, the Ministry of Finance confirmed that the average Ural oil price stood at 50.51 dollars per barrel or 368.7 dollars per ton. This figure serves as a baseline for evaluating export tax brackets and for projecting how shifts in global oil pricing might influence state revenues and policy decisions. Analysts and policymakers closely watch such averages because they provide a practical anchor for forecasting financial flows tied to oil exports and for calibrating fiscal strategies in a volatile energy market.
Based on calculations by the Ministry of Finance, the export tax applied to oil in Russia from the start of the spring of 2023 is set to rise by 1.4 dollars, reaching 14.2 dollars per ton. At the time of the report, the current tax level was around 12.8 dollars per tonne of crude material. The ministry further indicated that taxes on the export of light and dark petroleum products, along with commercial gasoline, were scheduled to increase starting on March 1. This shift reflects ongoing efforts to align fiscal instruments with evolving market dynamics and to secure revenue streams essential for national budgeting during a period of fluctuating commodity prices.
In detail, the tax on light petroleum products and oils is expected to move up from 3.8 dollars to 4.2 dollars per ton, while the tax on dark petroleum products and oils is set to rise from 12.8 dollars to 14.2 dollars per ton. Additionally, the customs duty on exports of commercial gasoline was projected to increase from 7.0 dollars to 7.8 dollars per ton, with the duty also noted at 4.2 dollars for normal products such as naphtha. These adjustments illustrate a structured approach to tax policy that aims to capture greater value from higher-grade products while maintaining a balanced export framework across different fuel categories, all within the broader context of Russia’s energy export strategy.
Economists and energy analysts from the International Energy Agency reported on February 15 that Russia’s federal budget revenues from oil operations declined sharply in January 2023. The data indicated a fall of 48 percent in this revenue stream, with earnings shrinking to 310 billion rubles, equivalent to roughly 4.2 billion dollars, for the month. At the same time, the country’s income from raw material exports decreased by 36 percent, landing around 13 billion dollars in that early 2023 period. These figures highlight how sensitive fiscal outcomes are to price movements, production levels, and the structure of export taxes. They also emphasize the importance of timely policy responses and the monitoring of revenue channels tied to the oil sector in a time of global price volatility and shifting demand patterns.