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. Last Updated: 07/27/2016

Higher Tariffs Loom for Oil Products

Russia may revise export tariffs on oil products, Deputy Prime Minister Viktor Khristenko was quoted as saying Wednesday.

The new tariff rates would have a regulatory rather than a fiscal function, Khristenko was quoted as saying by RIA news agency after a preliminary meeting of the government commission on protective measures in foreign trade.

It was not immediately clear when the new rates might become effective and whether they would replace current restrictions on oil product exports, which will be in force at least until the end of the first quarter of 2000.

Refiners currently have to prove every month they have fulfilled obligations to domestic consumers before being allowed to export.

A meeting of the commission at which the new tariff rates will be examined is scheduled for Jan. 24, Khristenko said.

He said the commission would discuss raising the export tariff on fuel oil to 20 euros ($20.60) per metric ton from the current 12 euros and keeping the 20 euros per ton tariff on motor gasoline.