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Russia to raise crude oil export duty Aug. 1

07-30-2010 11:12 BJT

MOSCOW, July 29 (Xinhua) -- Prime Minister Vladimir Putin on Thursday signed a decree raising the crude oil export duty from 248.8 to 263.8 U.S. dollars per ton as of Aug. 1.

The export duty on Eastern Siberian oil will also climb from 69.9 to 80.3 dollars per ton, said the Itar-Tass news agency.

Export duties on light petroleum products and liquefied gas were also increased. The government, meanwhile, set zero export duties on calcined petroleum coke.

The government has set duties for oil and oil products monthly since December 2008 in order to respond swiftly to fluctuations in world oil prices. Previously the duties were adjusted every two months.

Editor:Jin Lin |Source: Xinhua

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