The duty on oil exports to rise for the first time since October 2008.

KommentariiDefitsitny tovar11.02.2009Rossiyskaya "neftyanka" trying to dislodge lgotyEksportnaya additional duty on oil from 1 March 2009 will rise to 114-117 dollars per ton. This is representative of the Ministry of Finance said Alexander Sakovich, RIA News. Prior to that, four months of consecutive bets on oil exports declined and now account for 100.9 dollars per ton.
Export duty on crude oil is determined by the price for Urals brand oil during the preceding period. According to the Ministry of Finance, the average oil price from 15 January to 10 February stood at 43.1 dollars per barrel.
The Russian oil industry has repeatedly asked officials to significantly reduce the rate of export of hydrocarbons, as well as in a sharp drop in oil prices, the rate did not finish "of the market, which makes exporters bear the additional losses. In autumn 2008, to export oil from Russia, for many companies is simply inefficient.
Recall that in the summer of 2008, when oil prices exceeded the mark of 140 dollars per barrel, the fee rate was 495 dollars per tonne. In the first half of 2008, the fee increase does not keep pace with rising prices in the market, so the oil industry were more profitable.