Mineral extraction tax on oil in Russia 2018-2024

The mineral extraction tax (MET) on oil in Russia was set to increase to 17.18 thousand Russian rubles per ton by 2024 under a "refundable (negative) excise tax" mechanism, which aimed at transferring tax burden from export duties to the MET between 2019 and 2024. In 2018, the MET on oil amounted to 10.66 thousand Russian rubles per ton.

Forecasted mineral extraction tax (MET) rate on oil in Russia from 2018 to 2024*

MET in thousand Russian rubles per metric ton
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Sources

Release date

June 2019

Region

Russia

Survey time period

2018

Supplementary notes

* Within the framework of completing of the tax maneuvre, given the Urals blend price of 60 U.S. dollars per barrel and the currency rate of 65 Russian rubles to one U.S. dollar.

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Statistics on "Russian oil industry"

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