Russia cuts export duty on crude, as of June 1

Export duty on crude oil from Russia will be cut down by nearly $28.8, from $448.6 to $419.8 a ton, incentive rate reduced to $210.8 a ton, effective as of June 1, 2012, the Russian Government press office said.

Reduced export duty on crude oil for a number of fields in Eastern Siberia and the North Caspian Sea will be cut down by $21.6, from $232.4 to $210.8 per ton, as from June 1st.

Duty on exports of light and dark oil will be $ 277 per ton, of gasoline - $ 377.8 per ton.