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Belarus reduces oil export duties

February 01/ 09:11

Minsk. On 1 February Belarus reduced export duties on oil and petroleum products that are exported outside the customs territory of the Eurasian Economic Union. This decision was formalized by Council of Ministers' Resolution No. 62 as of 30 January 2019 officially published on the national legal internet portal, BelTA has learned.

The export duty on crude oil reduced from $89 to $80.7 per 1 tonne. The duty on straight-run gasoline dropped from $48.9 to $44.3 per 1 tonne. The duty on commercial gasoline went down from $26.7 to $24.2 per 1 tonne. The export duty on light and medium distillates made up $24.2 per 1 tonne instead of $26.7.

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 downwards on 1 January 2019.

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