Russian gas oil, gasoline exports fall in Aug

[Ghost Dog]

Source: Reuters

Mon Sep 1, 2008 7:54am EDT

MOSCOW, Sept 1 (Reuters) - Russian exports of gas oil and
gasoline fell in August due to higher customs duties and
increased demand for the fuels on the domestic market, data
provided by the Energy Ministry showed.

Russian oil companies exported 86,219 tonnes per day of gas
oil in the first 27 days of August, down by 5.7 percent from
91,390 tonnes per day in the first 30 days of July.

Exports of gasoline, which usually amount to just around 10
percent of total sales of the fuel, fell by 14.7 percent to
9,167 tonnes per day from 10,740 tonnes per day in July.

...

Traders said that the main reason behind lower exports of
gas oil and gasoline was the increase in export duties, which
rose by 23.5 percent to a record of $346.4 per tonne of light
oil products from August.

The increase of the duty led domestic prices for gas oil to
rise to 5,000 roubles ($202.8) per tonne, or 24 percent, higher
than the export price, adjusted for transportation costs, in the
beginning of the month.

Read more: http://www.reuters.com/article/marketsNews/idINL134655820080901?rpc=611

[Arctic Dave]

1. Looks to be routine and accounted for,

not an actual drop in output.

[amuse bouche]

2. Interesting