Belarus will raise export duties on oil and oil products

Belarus will raise export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union, on 1 April 2016. The relevant decision is stipulated by the Council of Ministers’ executive order No. 249 of 28 March 2016.

The export duty on crude oil will go up from $39.5 to $54.9 per tonne. The duty on straight-run gasoline will be raised from $28 per tonne to $38.9 per tonne, with the export duty on commercial gasoline up from $24 to $33.4 per tonne.

The export duty on light and medium distillates will be $21.9 per tonne, up from $15.8. 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 downwards on 1 March.