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Belarus to raise oil export duties 1 July

MINSK (BelTA) – Belarus will raise export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union, on 1 July 2016. The relevant decision is stipulated by the Council of Ministers' executive order No.503 of 28 June 2016, the press service of the Belarus government told BelTA.

“The export duty on crude oil will go up from $80.6 to $95.9per tonne. The duty on straight-run gasoline will be raised from $57.2 per tonne to $68 per tonne, with the export duty on commercial gasoline up from $49.1 to $58.4 per tonne,” representatives of the government said.

The export duty on light and medium distillates will be $38.3 per tonne, up from $32.2. The same rate will be 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 June. Back then they were raised as well.