The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 12 January 2019 

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

554.6800

 -

Reference Price  - US$ per barrel

-

73.6300

CIF - US$/litre

0.4520

0.5064

Exchange rate – Rs/US$

34.8000

34.8000

 

                   Rupees per litre

CIF

15.7296

17.6227

Excise duty

14.8000

7.3000

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

0.6500

0.5000

Contribution to subsidy on LPG, Flour and Rice

3.0000

1.2000

STC’s operational expenses

0.3500

0.4000

Rounding of Figures

0.0260

0.0128

(TRANSFER PRICE TO OIL COMPANIES

36.8156

29.1955

Oil Companies’ operational expenses and wholesale margin

2.1500

1.9800

VAT (15%)

6.1304

4.9565

WHOLESALE PRICE

45.0960

36.1320

Retail margin

1.9040

1.8680

RETAIL PRICE (Price at Petrol Service Station)

47.0000

38.0000

 

11 January 2019