Policy & Regulation

02 Feb 2021

Belarus to Raise Export Duties on Oil

02 Feb 2021  by Xinhua   

Belarus will raise export duties on oil and oil products for destinations outside the Eurasian Economic Union, on Feb. 1, 2021, the government said in a statement.

The export duty on crude oil will increase from 38.7 U.S. dollars to 43.8 dollars per ton, while the duty for straight-run gasoline will increase from 21.2 dollars to 24 dollars per ton.

Export duties on commercial gasoline, light and medium distillates, diesel fuel, benzene, toluene, xylene and lubricants will increase from 11.6 dollars to 13.1 dollars per tonne.

The export duties on crude oil and some categories of derivative oil products were previously revised downwards on Jan. 1.

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