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

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search