OREANDA-NEWS  By the end of August, the oil and gas revenues of the federal budget amounted to 505 billion rubles, which is 10.5 billion rubles less than their expected monthly volume. This is stated in a message on the website of the Ministry of Finance of Russia.

Since January 2023, when the price ceiling came into force, the situation with the sale of oil and gas was worse only two months ago — in June, NGDS dropped to 494.8 billion rubles. However, taking into account the fact that in August there was one more day, the average daily amount of oil and gas budget revenues became the lowest in 2.5 years.

The mineral extraction tax (MET) amounted to 675.7 billion rubles, which was the best indicator since April, but the increase in excise tax refunds and damping payments to oil companies turned out to be higher.

Compared to July, oil and gas revenues fell by more than one and a half times, as the previous month saw the quarterly payment of tax on additional income from the extraction of hydrocarbons (NDT). In September, the Ministry of Finance expects that the total volume of oil and gas revenues will be 21 billion rubles below the base level.

The change in the ceiling on oil prices, introduced by European countries, comes into force on September 3. From the level of $ 60 per barrel that lasted 2.5 years, it dropped to $ 47.6. EU companies are prohibited from participating in the transportation of Russian oil and the provision of related services if the value of the shipment exceeds this level.

Earlier, Russian media reported that the deficit of the Russian federal budget in 2025 could exceed the levels included in it after the May adjustments, that is, 3.7 trillion rubles.