Russia has lowered export duty on light oil.
By Russian government’s decree export duty on light oil is decreased from US$309.60 to US$298.20 per ton beginning on July 1, 2011. The export duty for gasoline is also decreased from US$415.80 to US$400.50 beginning on July 1, 2011.
It is to be noted that it is the first decrease in export duty for Russian oil products this year. Since the beginning of this year, the Russian government has regulated the export duty on light oil. A sudden spike was reported in May, when export duty for Russian gasoline rose 44 percent as compared with April.
Introduction of export duty on Russian light oil has led to considerable increase in gasoline prices in Tajikistan.
