Russia May Lower Oil Export Duties in October on Urals Price
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Russia may lower its duty on crude exports by 2.6 percent for regular fields and by 5.6 percent for deposits with a discounted rate next month after prices for its Urals blend declined.
The standard tax rate may fall to $266.50 a metric ton ($36.36 a barrel) from $273.50 in September, according to Bloomberg calculations based on Finance Ministry data. The discounted rate on fields supplying the East Siberia-Pacific Ocean pipeline may drop to $82.10 a ton from $87.