Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Transneft Seeks Tariffs Hike

Oil pipeline monopoly Transneft has asked the Federal Tariffs Service to raise oil transit duties by an additional 2 percent to 3 percent from Jan. 1, a tariffs service official said Friday.

The service, which sets the oil transport fees for Transneft, increased the rate by an average of 3.3 percent on Aug. 1 and by a further 9.9 percent in December, increases that have substantially increased costs for producers.

“Right now we carefully studying [Transneft’s] proposals,” said Denis Volkov, head of service’s department of oil and gas regulation.


Read more