Reuters estimates October oil and gas tax receipts at 1 trillion roubles ($11.97 billion).
Reuters calculates that Russia's federal budget revenue from oil and gas taxes is expected to reach 1 trillion roubles ($11.97 billion) in October, up 10% from a year earlier. Those taxes account for about a fifth of total government income.
73.1K
2 Sources, first seen ago
Russia’s federal budget is expected to collect about 1 trillion roubles ($11.97 billion) in oil and gas taxes in October, a 10% increase from the same month last year, according to a Reuters calculation. Oil and gas taxes account for roughly one-fifth of the Russian government’s income and help finance its military campaign in Ukraine.
The projection is based on oil and gas production, refinery throughput, and supplies to domestic and international markets. It is an estimate for the month, not an official tally of revenue already collected.
October’s oil and gas tax receipts are expected to more than double from September, but much of that increase comes from quarterly payments under an additional profit-based tax on oil production.
Even without that payment, Reuters estimates October revenue would be about 164 billion roubles, or 36%, higher than September. The month-to-month increase therefore cannot be attributed only to a change in production or crude prices.
Global oil prices have climbed as conflict in the Middle East has disrupted supplies. The benefit to Russia’s budget is expected to be partly offset by a projected 5% decline in the country’s third-quarter oil production compared with the same period in 2025.
Russia’s 2026 budget assumes 8.918 trillion roubles in oil and gas revenue out of 40.283 trillion roubles in total government revenue. Reuters estimates that oil and gas receipts for January through October will reach 6.45 trillion roubles, 14% less than a year earlier.
The October projection points to a stronger month, helped by the timing of a quarterly tax payment, while the cumulative figures still show lower revenue across the year to date.
—
Not ranked yet
—
Not ranked yet
