立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
石油

Putin signs law to phase out Russian crude oil export duty by 2024

天然气 | 石油

Platts 情景规划服务

石油 | 成品油 | 燃料油 | 船运 | 干货运输 | 船用燃料 | 油轮

8th Annual Mediterranean Bunker Fuel Conference

煤炭 | 液化天然气 (LNG) | 天然气 | 石油 | 原油

Platts Analytics:今年亚洲LNG现货价格可能跌破3美元/百万英热

Putin signs law to phase out Russian crude oil export duty by 2024

London/Moscow — Russian President Vladimir Putin has signed separate laws that phase out Russia's crude oil export duty and to introduce a "negative excise duty," or excise refund, on crude processed by the country's refineries.

尚未注册?

接收每日电子邮件提醒、订阅用户通知并获得个性化体验。

立即注册

The crude export duty amendment law, which also has been published, envisages cutting Russia's crude export duty by 5 percentage points per year over six years starting in 2019 and completely abolishing it from 2024.

Related story: Russian tax changes to keep refining margins, investment low: analysts

Currently levied at 30%, Russia's crude export duty is set as a marginal tax based on the price of oil, with export duties for oil products set as a percentage of the export tax for crude.

The gradual reduction and abolishment of the crude export duty would push up the export netbacks, which are used as a gauge by Russian traders for setting domestic prices, and would make the latter commensurate with international prices.

The finance ministry has insisted on the reform for more than a decade, as the government estimates its indirect subsidy in the sector, through the difference between the crude and product export duties, have exceeded fivefold what refineries have spent on plant upgrades.

In order to mitigate the impact on refineries from the rise in crude prices and the disappearance of the indirect subsidy of the spread between crude and product export duties, the government has set out a mechanism for refunding refineries through the negative excise duty, based on the amount of crude they process, the light products they deliver to the domestic market and the distance to their markets.

The excise refund is calculated based on a formula that takes into account the international price of Urals crude, a basket of products produced from the processed crude and the difference between domestic prices and the export netbacks for gasoline and diesel derived from the prices in Rotterdam.

The excise refund law also sets out the excise duties on gasoline and diesel for the next three years.

Separately, Putin has approved an increase of Russia's VAT tax to 20% from 18% starting in January 2019. The law, which has now been published, is expected to increase revenues by more than Rb600 billion/year ($9.6 billion/year). VAT is included in the prices of Russian oil and products and is used as a component in calculating the export netbacks for crude oil and oil products.

Current and planned excise duties (Rb/mt):

Jun 2018 Jan 2019 Jan 2020 Jan 2021
Gasoline Euro 5 8,213 12,314 12,752 13,262
Diesel 5,665 8,541 8,835 9,188

--Elza Turner, elza.turner@spglobal.com

--Nastassia Astrasheuskaya, nastia.astrasheuska@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com