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Russia's Urals Crude Export Tax Price Hits Highest Level Since October 2023 at $94.87/Barrel

2026-05-14 14:13:56

According to Russia's Finance Ministry, the country's Urals crude export tax base price reached its highest level since October 2023 on May 14, at $94.87 per barrel. Tax authorities will use this price and an exchange rate of 76.938 rubles per dollar to calculate May oil production taxes. The figure represents an 18% month-on-month increase and a 60% year-on-year increase.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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