Business news

Belarus raises export duties on oil, oil products

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MINSK, 2 November (BelTA) – As of 1 November Belarus increased export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union (EAEU) in line with the Council of Ministers' resolution No.621 of 29 October 2021, BelTA learned from the national legal information registry.

In line with the resolution the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils is $71.2 per tonne ($62.8 previously). The export duty on straight-run gasoline has been set at $39.1 per tonne ($34.5 previously). The size of the export duty on commercial gasoline, diesel fuel, light and middle distillates, benzene, toluene, xylene, lubricants makes up $21.3 per tonne ($18.8).

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

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