Belarus raises oil export duties
Belarus raised export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union, on 1 May 2016. The relevant decision is stipulated by the Council of Ministers' Resolution No. 340 of 27 April 2016.
The export duty on crude oil went up from $54.9 to $66 per tonne. The duty on straight-run gasoline was raised from $38.9 per tonne to $46.8 per tonne, with the export duty on commercial gasoline up from $33.4 to $40.2 per tonne. The export duty on light and medium distillates is now $26.4 per tonne, up from $21.9. The same rate is applied to diesel fuel, benzene, toluene, xylene, lubricants, and other oils.
The Resolution was officially published in Russian on the National Legal Internet Portal of the Republic of Belarus on 29 April 2016 and entered into force from 1 May 2016.