The government may raise its tax on crude oil exports by as much as 5.5 percent on May 1 to between $281.10 and $283.80 a metric ton after prices for Urals export blend rose, Alexander Sakovich, head of the Finance Ministry’s analysis department, said Monday.
Russia sets the duty based on the average Urals price from the 15th day of each month to the 14th day of the next. Urals may average from $78.09 to $78.66 a barrel during this monitoring period.
(Bloomberg)
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