Oil and gas revenues in February increased by 22.5% compared to January, to 521.2 billion rubles

In February, revenues from the oil and gas industry to the budget increased by 22.5% compared to January, to 521.2 billion rubles, follows from materials Ministry of Finance of the Russian Federation. In January of this year, oil and gas revenues amounted to 425.5 billion rubles.

“The deviation of actually received oil and gas revenues from the expected monthly volume of oil and gas revenues at the end of February 2023 amounted to 12.3 billion rubles,”— informs ministry.

Compared with revenues from the oil and gas industry of 971.7 billion rubles. in February 2022, revenues in February of this year have almost halved. Payments from the budget to oil companies for the fuel damper amounted to 108.7 billion rubles. in February compared to 113.8 billion rubles. the same period in 2022. In January, this payment amounted to 47.9 billion rubles.

At the end of November 2022, Prime Minister Mikhail Mishustin saidthat in the first nine months of 2022 the oil and gas revenues of the Russian Federation grew by 37% in annual terms, in January 2023 the Ministry of Finance predicted that the Russian budget will receive less RUB 54.5 billion oil and gas revenues.

Read about oil prices in the publication “Kommersant FM” “Under the Infusion of Circumstances”.

Maria Fedotova