Russia's oil export duty to rise by $7.5 in October

Russia's oil export duty to rise by $7.5 in October

Russia's oil export duty is expected to rise by $7.5 to $137.5 per tonne on October 1 from $130.0 a tonne in September, according to data from the Russian finance ministry.

The level of the duty is calculated by the finance ministry and is based on the monitoring of Urals crude oil prices from Aug.15 to Sept. 14, which is $74.46 per barrel or $543.5 per tonne.

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