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Belarus sharply raises export duties on oil

Christian Fernsby ▼ | July 1, 2020
Belarus will raise export duties from July 1 on oil and oil products that are exported outside the Eurasian Economic Union.
Belarus oil
Crude   Belarus oil
The country will increase the export duty on crude oil from 8.3 U.S. dollars to 37.8 per tonne, while the duty for straight-run gasoline will increase from 4.5 to 20.7 dollars per tonne, the government said in a statement.

Topics: Belarus oil

Export duties on commercial gasoline, light and medium distillates, diesel fuel, benzene, toluene, xylene, lubricants, and other oil products will be raised from 2.4 dollars to 11.3 dollars per tonne.

Export duties on crude oil and some categories of derivative oil products were previously revised upwards on June 1.