The oil and gas revenues of the Russian Federation amounted to more than 1.081 trillion rubles.

Russia's oil and gas revenues in March 2025 amounted to 1.081 trillion rubles against 771.3 billion in February. This is stated in the materials of the Ministry of Finance of the Russian Federation, which were reviewed by Izvestia on April 3.

The increase in state budget revenues is due to revenues from the tax on additional income from oil production, which brought in 487.1 billion rubles in March. In general, the base level of oil and gas revenues set by the Ministry of Finance for March amounted to 1,060 trillion rubles. The mineral extraction tax (MET) provided the budget with 776.5 billion rubles this month, which is lower than in February, when it amounted to 1.029 trillion rubles. In addition, payments from the budget to oil companies under the fuel damper program in March 2025 amounted to 100.3 billion rubles, while in February they reached 148.3 billion rubles.

In April, the expected volume of additional oil and gas revenues of the federal budget is projected at 29.7 billion rubles.

"The total deviation of the actually received oil and gas revenues from the expected monthly volume of oil and gas revenues and the estimate of the base monthly volume of oil and gas revenues from the base monthly volume of oil and gas revenues by the end of March 2025 amounted to 65.6 billion rubles. The negative adjustment is mainly due to a decrease in oil and gas condensate production compared to forecast values and a clarification of the amount of tax on additional income from hydrocarbon production by the end of 2024," the Ministry of Finance said in a statement.

Thus, the total amount of funds allocated for the sale of previously acquired foreign currency and gold amounts to 35.9 billion rubles. The operations will be conducted from April 7, 2025 to May 12, 2025, respectively, the daily volume of sales of foreign currency and gold will amount to 1.6 billion rubles.

The block says: OPEC+ may postpone the increase in oil production

Despite the decision to increase production, alliance members will first have to compensate for their past violations.

Earlier, on February 3, Russian Deputy Prime Minister Alexander Novak, following a meeting of the Ministerial Monitoring Committee of the Organization of Petroleum Exporting Countries (OPEC+), said that the situation on the global oil market was stable. In addition, the Deputy Prime Minister shared that the committee retains the decision to start restoring oil production from April 2025, but "will look at the situation."