Middle East Economic Survey

VOL. XLIX

No 5

30-January-2006

OIL PRICES

Japanese Crude Oil Tariffs To Be Removed From 1 April, Says FACTSJapans 170/kiloliter (25 cents/B) customs duty on crude oil imports will be abolished as of 1 April, according to Honolulus FACTS Inc. In the report Revision Of Japans Customs Duties, published in mid-January, FACTS analyst Tomoko Hosoe says import taxes on oil products will also be lowered, particularly for fuel oil. The reduced tariffs are said to be a result of...