Russia to increase export duty for crude, gasoline and diesel

London (Quantum Commodity Intelligence) - Russia's crude oil export duty will rise to $61.5/mt in July, up $2.7/mt from $58.80/mt in June, said the Ministry of Finance Wednesday

The Ministry of Finance calculates the level based on the price of Urals crude, which averaged $67.9/b between May 15 and June 14, up from $65.5/b a month earlier, the Ministry stated.

The duty on gasoline and diesel will also rise to $18.4/mt in July from $17.6/mt in June.

The duty on straight-run naphtha will rise to $33.8/mt in July from $32.3 mt in June.