Belarus reduces export duties on oil, oil products

On 1 January 2022 Belarus reduced export duties on oil and oil products, which are exported outside the customs territory of the Eurasian Economic Union (EAEU) in line with the Council of Ministers' resolution No.758 of 27 December 2021, BelTA learned from the national legal information registry.

In line with the resolution the size of the export duty on crude oil, furnace oil, oil bitumen, petrolatum, paraffin, and waste oils is now $46.7 per tonne ($77.5 previously). The export duty on straight-run gasoline was set at $25.5 per tonne ($42.5 previously). The size of the export duty on commercial gasoline, diesel fuel, light and middle distillates, benzene, toluene, xylene, lubricants made up $14 per tonne (down from $23.2).

The export duties on crude oil and some categories of derivative oil products were previously revised upwards on 1 December.

The resolution took effect on 1 January 2022.