Russian gas oil, gasoline exports fall in Aug

Mon Sep 1, 2008 7:54am EDT
 
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 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.
 To see a table on Russian refined products sales in August
click on [ID:nL30484022].
 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.
 Higher seasonal demand, mainly from agriculture and railway
companies, also supported domestic prices for gasoil and
gasoline.
 Exports of gasoline were also hit by maintenance held at
reforming units -- in charge of the fuel's production -- at some
of the refineries, such as Surgut's (SNGS.MM) Kirishi plant and
Rosneft's (ROSN.MM) Kuibyshev refinery.
 The Energy Ministry data showed that exports of fuel oil
rose by 0.9 percent to 123,259 tonnes per day in the first 27
days of August compared with 122,110 tonnes per day in the first
30 days of July.
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 For key Russian statistical oil reports [O/RUS1]
 For key Russian oil data <OILSTAT/RU>
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 (Reporting by Tanya Mosolova and Maxim Nazarov)


 

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