Russia's Export Tariff on Crude Oil to Increase by 1.9% for This June

According to RIA Novosti on May 31, 2011, Russian government on its official website released a government notice issued by Vladimir Putin on increasing the export tariff on crude oil to USD 462.1 per ton (USD 63.04 per barrel) for this June, increasing by 1.9%; and the tariff for this May was USD 453.7 per ton.

Meanwhile the government also regulated that exported crude oil through Eastern Siberia – Pacific Ocean (ESPO) oil pipeline should comply with the same export tariff, and the export tariff on crude oil exploited from Caspian Sea is increased from USD 211.7 per ton to USD 217.5 per ton.