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. Last Updated: 07/27/2016

Oil Duty Rise Mooted

MOSCOW -- Increasing the oil export duty to 7.5 euros per metric ton "would be appropriate at present," First Deputy Prime Minister Viktor Khristenko said Tuesday in remarks reported by Interfax.

The export duty is currently 5 euros ($5.26) per ton. The draft budget for 2000 assumes the duty will rise to 7.5 euros per ton.

Khristenko said the government may also introduce export duties on fuel oil and diesel totaling 10 euros to 12 euros per ton. He also called for a "prohibitive duty" on gasoline exports, Interfax said.

All these issues will be discussed at a meeting Khristenko will hold with oil firm officials Wednesday, Interfax said.