Russia's oil export duty to rise to $104.6/T in May

MOSCOW: Russia's oil export duty <CL-EXPDTY-RU> is expected to rise to $104.6 per tonne in May from $97.4 per tonne in April following a rise in oil prices, the finance ministry said on Monday.

The level of the duty is calculated by the finance ministry and is based on the monitoring of seaborne Urals <URL-E><URL-NWE-E> crude oil prices.

The ministry made its calculations for the May export duty from prices recorded between March 15 and April 14.