PRICE STRUCTURE with effect from 16 May 2018

The components of the new Petroleum Price Structure are as follows:

PRICE STRUCTURE With Effect From 16 May 2018  Mogas Gas Oil
Reference Price  – US$ per metric ton 693.9400  –
Reference Price  – US$ per barrel 83.9400
CIF – US$/litre 0.5543 0.5501
Exchange rate – Rs/US$ 35.1500 35.1500
                   Rupees per litre
CIF 19.4836 19.3360
Excise duty 14.8000 7.3000
Maurice Ile Durable levy 0.3000 0.3000
Contribution to Road Development Authority 1.8500 1.7500
Contribution to Rodrigues transportation and storage 0.4100 0.4100
Contribution to the construction of storage facilities for petroleum products 0.1000 0.1000
Contribution to subsidy on LPG, Flour and Rice 2.7000 2.7000
STC’s operational expenses 0.3500 0.4000
Fund to Price Stabilisation Account 1.4598 0.5808
TRANSFER PRICE TO OIL COMPANIES 41.4534 32.8768
Oil Companies’ operational expenses and wholesale margin 1.9300 1.7600
VAT (15%) 6.7826 5.4652
WHOLESALE PRICE 50.1660 40.1020
Retail margin 1.8340 1.7980
RETAIL PRICE (Price at Petrol Service Station) 52.0000 41.9000

 

Source: State Trading Corporation