The export duty on Russian crude oil will rise to $222 a tonne on August 1, a Finance Ministry official said according to Interfax.
The new duty is based on an average price of $65.65142 per barrel of Russian crude for the period June 15-July 14 inclusive, Alexander Sakovich, the ministry's deputy head of customs payments, told Interfax.
The formula the government uses sets the maximum duty effective August 1 at $222.09099 a tonne, which has been rounded to $222.
The duty has been $212.6 since July 1.
The export duty on light petroleum products will be $161.9 a tonne and that on heavy products - $87.2 a tonne on August 1, Sakovich said. These duties have been $155.5 and $83.8 respectively since July 1.
The government sets the crude oil and product export duties based on one-month monitoring of the price of Russian crude on European markets.