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. Last Updated: 07/27/2016

Oil Products Tariffs Up

MOSCOW -- The export tariff on oil products has been raised by a government resolution, news agencies quoted Deputy Finance Minister Sergei Ignatyev as saying Thursday.

The new rates will be 20 euros ($20.82) per ton on gasoline, 12 euros per ton on diesel fuel and 10 euros per ton on fuel oil and jet kerosene, agencies said.

Currently the export tariff is levied at 5 percent of the customs value for all oil products.

The tariffs will come into effect seven days after the resolution, yet to be signed by Prime Minister Vladimir Putin, is officially published.

Exports of gasoline are currently banned from Russia, which is suffering a transport fuel shortage. Exports of fuel oil are also subject to a temporary ban until Monday.