Monday June 15, 07:04 AM
Russia hikes oil duties by 25 percent: official
MOSCOW (AFP) - Russia said it would increase its duties on oil exports by over 25 percent from July, its latest hike amid swelling crude prices.
The export duty on one tonne of oil would rise to 212.6 dollars a tonne from 152.8 dollars effective from July 1, the head of customs payments at the finance ministry, Alexander Sakovich, told the Interfax news agency.
Russia had last year started slashing the duties paid by oil firms on oil exports as crude prices plummeted to historic lows but has now increased them as oil prices start to recover.
Oil prices soared above 73 dollars a barrel last week, hitting a 2009 peak of 73.23 dollars on Thursday -- their highest level since October.
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
