03.07.2026, 17:10
Russia's oil and gas revenues have grown
Source: OREANDA-NEWS
OREANDA-NEWS By the end of June, Russia's oil and gas revenues amounted to 683.6 billion rubles, which is 4.7 billion more than in May and 188.8 billion better than a year earlier. This is stated in a message on the website of the Ministry of Finance.
At the same time, the mineral extraction tax (MET) decreased from 1.014 trillion rubles to 968.6 billion compared to the previous month. Separately, the drop for oil was 35.2 billion rubles, and for gas — 18.7 billion.
Additional revenues from oil sales increased from 174.8 billion rubles to 209.6 billion. The total deviation of the funds actually received from the expected amount was minus 24.1 billion rubles, meaning revenues were lower than planned.
By the end of July, the agency expects to receive 147.3 billion rubles of additional oil and gas revenues, which is a quarter less than in June.
The current result was provided by the high cost of Russian oil in April and May, due to the closure of the Strait of Hormuz by Iran in response to the operation of Israel and the United States. By the end of June, the average cost of the main Urals export grade of oil, calculated for tax purposes (above the real value), decreased by a quarter, to $ 63.52 per barrel, which will affect budget revenues in July.
At the same time, the mineral extraction tax (MET) decreased from 1.014 trillion rubles to 968.6 billion compared to the previous month. Separately, the drop for oil was 35.2 billion rubles, and for gas — 18.7 billion.
Additional revenues from oil sales increased from 174.8 billion rubles to 209.6 billion. The total deviation of the funds actually received from the expected amount was minus 24.1 billion rubles, meaning revenues were lower than planned.
By the end of July, the agency expects to receive 147.3 billion rubles of additional oil and gas revenues, which is a quarter less than in June.
The current result was provided by the high cost of Russian oil in April and May, due to the closure of the Strait of Hormuz by Iran in response to the operation of Israel and the United States. By the end of June, the average cost of the main Urals export grade of oil, calculated for tax purposes (above the real value), decreased by a quarter, to $ 63.52 per barrel, which will affect budget revenues in July.
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