Russian export duty rates on oil products 2019-2024

Under the 2019-2024 tax maneuver* in Russia, the export duty rate of light petroleum products was set at 30 percent of the crude oil's export duty. Naphtha exports were taxed 55 percent, remaining at the same level as after the tax maneuver of 2017.

Russian export duty rate on oil products under the tax maneuver* from 2019 to 2024, by product

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Source

Release date

May 2019

Region

Russia

Survey time period

as of May 2019

Supplementary notes

* As a percentage of crude oil export duty.

The source added the following information:
The tax maneuver "provides for a gradual reduction in export duty on oil (and oil products) within six years. In order to compensate for the shortfall in government revenues, the MET [mineral extraction tax] rate is raised correspondingly for oil and gas condensate. The export duty on crude oil will be equal to zero from 2024" (pages 588, 594).

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