MOSCOW — The Russian government has raised export duties on oil products. The decree was signed by prime minister Mikhail Fradkov, the government’s press service reported.

Export duty on benzol, toluol and xylole was set at $106.6 per ton, up from $104.1. Duty on lubricant and other oils was raised from $56 per to $57.4 per ton. For propane, butane, propylene, butylene and other liquified gases, export duty was set at $106.6 per ton, up from $104.1. Export duty on light and middle distillates and gasoils is also $106.6 per ton, $57.4 for liquid fuels.

The decree comes into force 30 days after official publication.

As we previously reported, Russia raised export duty on crude oil and crude oil products from bituminous materials to $140 a ton from August 1.

Russia would increase its oil exports, Russian president Vladimir Putin told a G8 summit at Gleneagles in Scotland on July 8. He said Russia could export between 250 million and 270 million of tons a year.

Russia currently produces about 470 million tons of oil a year, of which it exports 230 million tons. If production doesn’t fall, the country’s oil reserves will suffice for another 35 to 40 years.