Urals Oil (Average Price, MET)

Urals Oil (Average Price, MET) represents the average price level of Urals grade oil for the past tax period, used for MET/NDT calculation, applied as an indicator for tax calculations in the energy sector calculated by the Ministry of Economic Development of Russia, serving as a price reference for the Russian market. In 2026, prices ranged from 39.18 USD/bbl. to 61.69 USD/bbl. with an average of 54.48 USD/bbl. In accordance with clause 3 of Art. 342 of the Tax Code of the Russian Federation and Decree of the Government of the Russian Federation No. 1118-r dated 19.08.2002, data are posted on the official website economy.gov.ru to determine the Kc MET coefficient. The taxable price is calculated based on quotes from FOB Primorsk, FOB Novorossiysk and ESPO FOB Kozmino.