Oil of the Russian export brand Urals has doubled in price over the past year, the Ministry of Finance calculated.

According to the ministry, the average price of a barrel of Urals was $63.62 in March 2021, which is 2.2 times higher than the same indicator of last year – $29.17.

Meanwhile, the average price for the first quarter (from January to March) of this year amounted to $59.8 per barrel against $48.18 a year earlier, therefore, the growth was 24.1 percent.