Belarus will increase tariffs for pumping oil through its territory by 9%

The Belarusian state-owned company Gomeltransneft Druzhba will raise tariffs for oil transit through Belarus by 9% from February 1, reported Ministry of Antimonopoly Regulation and Trade of the Republic.

“…from February 1, 2023, tariffs for services provided by Gomeltransneft Druzhba OJSC for the transit transportation of oil through the territory of the Republic of Belarus have been indexed by 9%,” the message says.

The resolution also implies an increase in tariffs for the transportation of oil through intra-republican route directions, they added.

As wrote Vedomosti in November 2022, Gomeltransneft Druzhba requested the RussianTransneft» increase the tariff for pumping oil through the Druzhba pipeline by 39% from January 1, 2023. According to the methodology approved by the governments of the Russian Federation and Belarus, if «Transneft” and Gomeltransneft Druzhba cannot agree on the level of indexation of pumping tariffs, it is approved no later than February 1 by the antimonopoly authorities of the two countries at the level of forecast inflation in Russia (12.4% in 2022) plus 3 percentage points. That is, in In this case, the tariff should have increased by 15.4%. Since February 1, 2022, tariffs for oil transit through the territory of Belarus have increased by 7.4% compared to the level of 2021.