The average price of Urals oil from December 15, 2022 to January 14, 2023 was $46.82 per barrel or $341.8 per ton, the Finance Ministry said. This is 18.5% lower than a month earlier ($57.49).

According to the calculations of the ministry, the export duty on oil in Russia from February 1, 2023 will be reduced by $3.9, from $16.7 to $12.8 per ton. The duty on light petroleum products and oils will decrease from $5 to $3.8 per ton, and on dark products – from $16.7 to $12.8. Duty on exports of commercial gasoline will be reduced to $3.8, straight-run (naphtha) – from $9.1 to $7. Duty on liquefied gas will be $21, on pure fractions – $18.9, on coke – $0.8 per ton.

According to the St. Petersburg Commodity Exchange, a batch of oil was sold to Russia on January 9 at $42.19 per barrel. Bloomberg reported that Urals was sold at $38 per barrel.

Experts from the analytical center Promsvyazbank denied this, claiming that oil was sold at $57.4, Kommersant writes. For 2022, the average price of Urals oil rose to $76.09 per barrel. Since December 5, the European Union has had an embargo on Russian oil. Also, the G7 countries have introduced a price ceiling, defining it at $60 per barrel.