Russian oil companies will lose around $4 billion over the next eight months, should the government increase the export duty for petrol to 90%, says VTB.
Russian oil companies will lose around $4 billion over the next eight months, should the government increase the export duty for petrol to 90%, says VTB. Calculates Russian oil companies might lose around $1 billion compared with the current tax regime plus an additional negative implication of around $1 billion a quarter from lower than expected domestic oil product prices. 
"All in all, we expect that were an increased export duty for petrol to be introduced, Russian public oil companies might lose around $4 billion over the next eight months," says analyst Lev Snykov.

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