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Economy
03 August 2020, 09:53

Belarus raises oil export duties on 1 August

MINSK, 3 August (BelTA) – On 1 August 2020 Belarus increased customs duties on oil and petroleum products, which are exported outside the customs territory of the Eurasian Economic Union (EAEU). The decision was formalized by the Council of Ministers' Resolution No.450 of 29 July, BelTA has learned.

The export duty on crude oil went up from $37.8 per tonne to $46.9 per tonne.

The export duty on straight-run gasoline rose from $20.7 per tonne to $25.7 per tonne. The export duty on commercial gasoline, light and middle distillates went up from $11.3 per tonne to $14 per tonne. The same rate is applied to diesel fuel, benzene, toluene, xylene, lubricants, and other oils.

The export duties on crude oil and some categories of derivative oil products were previously revised on 1 July. Then, they were also revised upwards.

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