The duty on light oils exports will surge to $147.5/ton starting from June 1, while the dark-oil product duty will be $79.4/ton. Today’s duties are $117.7/tons and $63.4/ton respectively.

The surge in export duties was initiated by the intergovernmental commission for foreign trade protection, customs and tariff policy.

The government revises duties on oil exports every two months based on the world prices. The duties go down once the decline in prices is noted on exchanges worldwide.

PIN/KOMMMERSANT.COM