Kazakhstan Raises Export Tax on Light Oil Products 12%

Aug. 12. Bloomberg

By Mark Sweetman

Kazakhstan raised its export duty on light oil products by 12 percent amid a lack of high octane gasoline in the south of the Central Asian country, RIA Novosti reported, citing a government order published in local media.

The levy will rise to $67.29 a metric ton from $59.87 a ton, the state-run Russian news service reported from Astana today. The order comes into effect 30 days after publication, RIA said.

http://www.bloomberg.com/apps/news?pid=20601207&sid=aFzLqg3oV3eQ

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Kazakhstan raises export duty for fuels, not oil

Aug 12. Reuters

Kazakhstan on Wednesday raised export duties for oil products by 12.4 percent, leaving the zero levy on crude oil exports unchanged, according to a government decree.

The Central Asian state’s antitrust body has this month suggested hiking both fuel and oil export duties to curb rising fuel prices.

Kazakhstan, the region’s largest oil producer, is a relatively small exporter of oil products as most are consumed domestically.

The oil export duty, first introduced in May 2008, was set to zero in January 2009 as global oil prices plunged.

http://in.reuters.com/article/oilRpt/idINLC50826420090812

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