Business news from Ukraine

BELARUS TO RAISE EXPORT DUTIES ON OIL PRODUCTS ON MAY 1

2 May , 2019  

Belarus will raise duties on oil and oil products exported outside the Eurasian Economic Union’s customs territory on May 1. The sizes of the duties were confirmed by Government Resolution No. 262 of April 25, which has been published on the National Legal Internet Portal. Under the document, the duty on crude oil will grow from $97.40 to $104.60 per tonne, that on straight-run gasoline will rise from $53.50 to $57.50 per tonne, and that on commercial gasoline will grow from $29.20 to $31.30 per tonne.
The duty on light and medium distillates will rise from $29.20 to $31.30 per tonne. The same rate will apply to diesel, benzene, toluene, xylol, and lubricants and other oils.
Belarus last raised export duties on oil and oil products on April 1. Belarus has been aligning its export duties on oil and oil products with Russia’s since 2010 in light of its duty-free imports of oil from Russia. In accordance with EAEU agreements, all export duties on oil and oil products have remained in the Belarusian budget since 2015.

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