The Government of Russia will reduce customs duties for oil products from May 1 this year.
The Russian Government’s resolution #352 of April 23, 2012, specifies new customs duties for oil products produced in Russia and exported to other countries, the Russian Government reports.
Therefore, starting from May 1 this year customs duties for light oil products will be reduced from $304 down to $296 per ton, while customs duties for gasoline will be reduced from $414.6 down to $403.7 per one ton.
The Government of Russia changes export fees for oil products every month.
