Home / Knowledge / News / Textiles / Export duty on Russian crude oil may surge again
Export duty on Russian crude oil may surge again
15
Dec '10
The export duty on Russian crude oil might record a further hike up to $316-319 per ton, or additional $12.20-15.2 per ton as compared to the present rate of $303.80 per ton. The special rate on East Siberian as well as North Caspian crude oil might witness an increase of $9-10 per ton to $117-118 per ton, registering an increase from the present rate of $108 per ton.

The Russian Finance Ministry had been monitoring the price fluctuations of crude oil. The average price of crude oil between 15 November and 9 December, 2010 had been $85.34 per barrel. If crude oil prices continue to remain below $87-90 per barrel for the coming three days then the closing price could be fixed at $85.98 per barrel, after monitoring.

The export duty on light products might increase up to $225-227 per ton from the present rate of $217 per ton whereas the duty on heavy product might enhance from $116.90 per ton to $121-122 per ton.

Russia's crude oil export duty had already registered a hike of 4.5 percent from $290.60 per ton to touch $303.80 per ton from 1st December.


Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Textiles | On 18th Jan 2017

Schoeller unveils water-repelling fabric ‘bling’

Schoeller textiles, Swiss textile company, has released its new...

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search