November 25, 2014 / 11:45 AM / 3 years ago

TABLE-Russian president approves oil tax changes

MOSCOW, Nov 25 (Reuters) - President Vladimir Putin approved changes to a tax law on Tuesday
reducing oil export duties and increasing taxes for mineral extraction in a bid to balance the
needs of producers and the Russian budget.
    The changes to the tax law, known as the "tax manoeuvre", have long been the focus of the
industry and faced resistance from the country's top oil producer Rosneft and some
lawmakers.  
    Following is the table of taxes, according to the state's website on legal information (publication.pravo.gov.ru/)
 and Reuters calculations:
                                        2014    2015   2015*    2016   2016*    2017
 oil mineral extraction tax (MET)        493     765     530     856     559     918
 rate, roubles per tonne                                                      
 crude oil export duty rate               59      42      57      36      55      30
 gasoline export duty rate, pct from      90      78      90      61      90      30
 crude oil rate                                                               
 diesel export duty rate, pct from        65      58      63     40       61      30
 crude oil rate                                                               
 light products export duty rate          66      48      63      40      61      30
 fuel oil export duty rate                66      76     100      82     100     100
 naphtha export duty rate                 90      85      90      71      90      55
 bitumen export duty rate                 66      76     100      82     100     100
 petroleum coke export duty rate          66     6,5     100     6,5     100     6,5
 motor oil export duty rate               66      48     100      40     100      30
 excise tax, roubles per tonne                                                      
 gasoline, Euro 4                      9,916   7,300  10,858   7,530       -   5,830
 gasoline, Euro 5                      6,450   5,530   7,750   7,530   9,500   5,830
 diesel                                5,427   3,450   5,970   4,150       -   3,950
      * - according to an initial plan

 (Reporting by Olesya Astakhova; writing by Vladimir Soldatkin, editing by Elizabeth Piper)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below