icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
1 Feb, 2008 06:48

Russian oil tax hits record high

The Russian government has increased oil export duty to a new record level of $US 338 per tonne from February 1.

The export duty was previously set at $US 275.4 per tonne.

The government adjusts the export duty on crude oil and products every two months based on the price of Urals blend on world markets in the preceding two months.