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Belarus reduces oil export duties

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MINSK, 28 February (BelTA) – On 1 March Belarus will reduce customs duties on oil and petroleum products, which are exported beyond the customs territory of the Eurasian Economic Union (EAEU). The decision is laid down in the Council of Ministers’ Resolution No. 119 of 27 February 2020, BelTA has learned.

The export duty on crude oil will go down from $78.5 to $66.9 per tonne.

The export duty on straight-run gasoline will be reduced from $43.1 to $36.7 per tonne. The export duty on commercial gasoline, light and medium distillates will decline from $23.5 per tonne to $20 per tonne. 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 upward on 1 February.

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