Tax manoeuvre: turbulence ahead for Russian refining margins?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Tax manoeuvre in the Russian Federation
- Overview
- What we've seen so far
-
Details of the tax manoeuvre; reverse excise duty and damping coefficient
- Reverse excise duty
- Damping coefficient
- MET increase
-
Conclusions; the impact of tax manoeuvre in refining profitability
- Look into the future
- Upgrading is the way to go
- Key uncertainties and the future of tax manoeuvre
-
Appendix
- Negative excise duty
- Damping coefficient
Tables and charts
This report includes 6 images and tables including:
- Development of components of the tax manoeuvre
- Export duty on oil products, 2017-2024
- Oil product export duties as % of crude oil export duty 2011-2020
- 2019 and preliminary 2020 NCM based on the impact of tax manoeuvre
- Preliminary NCM forecast 2019-2024, based on the impact of tax manoeuvre
- Excise duties for class 5 gasoline and diesel
What's included
This report contains:
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