The state Duma Committee supported the export duty on oil in 42% by 2016

The state Duma Committee supported the export duty on oil in 42% by 2016


The project is aimed at implementing measures to increase revenues of the budget system of the country in 2016 due to the sharp decline in forecast oil prices in 2016.

MOSCOW, 7 Nov. The state Duma Committee on budget and taxes recommended that the lower house of Parliament to adopt in the first reading the draft law on the conservation in 2016, the rates of export customs duties on oil in the amount of 42%.

According to the government of the Russian Federation, who made the document, it will in 2016 to allocate in the Federal budget of 200 billion rubles.

The bill is aimed at implementing measures to increase revenues of the budget system of the country in 2016 due to the sharp decline in forecast oil prices in 2016. The document saves in 2016, the procedure for calculating the rates of export customs duties on oil at an oil price above 182,5 US dollars for one ton of acting now.

The government believes that the preservation of the rates of export customs duties on oil at the level of 2015 will allow you to maintain refinery organization that failed to upgrade processing capacity, because to maintain the level of export customs duty on oil will increase the oil refining margin. Thus preservation of the current rates of export customs duties on oil “will not lead to an increase in the prices of petroleum products”, since the rate of export customs duty on them is proportional to the rate of export duties on oil.

To the state Duma a bill will be submitted on 13 November.