MOSCOW, June 24 (Xinhua) -- Russia's State Duma, the lower house of parliament, on Wednesday approved amendments to the tax code aimed at boosting fuel production and ensuring stable domestic supplies.
The government-backed measures introduce an excise tax mechanism for gasoline produced by blending straight-run gasoline with other components, while allowing eligible refiners to claim excise tax deductions on such output.
The amendments also give oil refineries participating in modernization programs more time to meet investment commitments required to retain tax benefits.
In addition, the legislation adjusts Russia's fuel-damping mechanism, which compensates suppliers for selling gasoline on the domestic market. Beginning June 1, 2026, the compensation coefficient for gasoline imported from member states of the Eurasian Economic Union by authorized companies will be set at 0.9.
For gasoline produced outside the bloc, compensation will be calculated using import parity prices based on indicative gasoline prices in India and transportation costs from Indian ports.
The new provisions will take effect upon the official publication of the law and will apply retroactively to legal relations arising from June 1, 2026. ■