Russia's oil export duty to decline to $90.7/T in Sept

MOSCOW: Russia's oil export duty is expected to fall to $90.7 per tonne in September from $94.1 per tonne in August following a decline in oil prices, the finance ministry said on Thursday.

The level of the duty is calculated by the finance ministry and is based on the monitoring of seaborne Urals crude oil prices.

The ministry made its calculations for the September export duty from prices recorded between July 15 and Aug. 14.