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Kazakhstan raises export duty on petroleum products

30 january 2012, 19:20
0
panoramio.com
panoramio.com
Kazakhstan’s Government has raised export duty on petroleum products.

Respective decree was signed by the country’s Prime Minister Karim Massimov December 30. The new export duty rates come into effect January 1, 2012.

According to the document, export duty rates applied to light petroleum products shall stand at $164.97 per ton as compared to the previous $143.54 per ton. Export duty imposed on heavy petroleum products will stand at $109.98 per ton as compared to $95.69.

Export duty on crude remains at $40 per ton.

Starting from January 1, exports duty on crude in Kazakhstan stands at $ 40 per ton. The previous rate stood at $ 20 per ton. According to Finance Ministry, in 2011 Kazakhstan expects to get KZT 421.4 billion ($ 2.8 billion) from introducing the exports duty.

For the H1 2011 the state budget revenues paid in the form of export duty on crude made up $1.67 billion, Vice Finance Minister Ruslan Dalenov wrote in his Twitter account July 22.

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