The standard tax rate will probably be in a range of $302.30 a metric ton to $304.40 a ton ($41.53 a barrel) from $290.60 a ton in November, according to Bloomberg calculations based on Finance Ministry data. The discounted rate on oil pumped via Russia’s East Siberian-Pacific Ocean pipeline to Asia may reach $106.90 a ton to $108.40 a ton from $98.80 a ton. Oil exports from the Russian sector of the Caspian Sea will get a discounted rate when legislation takes effect.
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, Russia’s benchmark export blend, may average from $82.57 to $83 a barrel during the current monitoring period, Alexander Sakovich, a Finance Ministry adviser, said by phone today.
The export tax on light oil products may rise to $216 to $217.40 a ton from $208.10. The duty on heavy products may increase to $116.40 to $117.10 a ton from $112.10.
