Russia May Raise Oil Export Tax 5.1% in March on Urals Price

Russia may raise its export duty on most crude shipments by as much as 5.1 percent on March 1 after Urals prices climbed.

The standard tax rate will probably be in the range of $363 to $364.30 a metric ton, up from $346.60 a ton in February, 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 and from the Caspian Sea may reach between $149 and $149.90, from $137.60 a ton.