The Russian government has approved the oil export duty at $115.3 per tonne from March 1, 2009, RBC reports. The corresponding decree was published by the Rossiyskaya Gazeta today. The export duty on light and heavy oil products will amount to $90 per tonne and $48.5 per tonne, respectively. Earlier, deputy head of the Finance Ministry's customs payments department Alexander Sakovich announced that the new duty was based on the average Urals oil price, which stood at $43.166 per barrel during the monitoring period.
From February 1, the export duty amounted to $100.9 per tonne for oil, $80.3 for light and $43.2 for heavy oil products.