Belarus to Raise Oil Export Duties from Jan. 1

Belarus will increase export duties on oil and oil products, which are exported outside the Eurasian Economic Union (EAEU) since Jan. 1, 2018, the Belarusian government said Thursday.

The export duty on crude oil will be increased from 105 U.S. dollars to 111.4 dollars per ton, and the duty for straight-run gasoline will be increased from 57.7 dollars to 61.1 dollars per ton, the government said in a statement.

Export duty on commercial gasoline will be raised from 31.5 dollars to 33.4 dollars per ton, the statement said.

The duty on light, medium distillates will be 33.4 dollars per ton, up from 31.5 dollars. The same rate will be applied to diesel fuel, benzene, toluene, xylene, lubricants, and other oils.

The export duties on crude oil and some categories of derivative oil products were previously revised upwards on Dec. 1.