Russia Dec oil export duty to rise 17 pct to $271.1/T

MOSCOW, Nov 16 (Reuters) - Russia will raise its oil export duty by around 17 percent to $271.1 a tonne from Dec. 1, reflecting a rise in oil prices, Finance Ministry and Reuters calculations showed on Monday.

The duty was based on the monitoring of international prices for Russia's benchmark Urals crude blend URL-E between Oct. 15 and Nov. 14.

The duty, which plays a big role in the financial results of Russia's oil companies, was $231.2 a tonne for November.

Finance Ministry official Alexander Sakovich said the average price of Urals in the latest monitoring period was $75.98 a barrel, which works out at around $556.9 a tonne.

According to Reuters calculations, based on customs tariffs regulations and the average oil price estimates, the December oil export duty is likely to be set at $271.1 per tonne.

The December duty was in line with the $271-273 range forecast by the ministry on Nov. 11, three days before the end of the monitoring period. [ID:nLB665061]

Export duties on light refined products such as gasoline and gas oil will total $194.9 a tonne, compared with the current level of $168.1 a tonne.

On heavy refined products such as fuel oil, the December tariff will be set at $105 against $90.5 a tonne last month.

The government will officially announce December duties at the end of November. (Reporting by Katya Golubkova, writing by Vladimir Soldatkin, editing by Anthony Barker)