The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 07 August 2020

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

389.0400

 -

Reference Price  - US$ per barrel

-

48.4700

CIF - US$/litre

0.3325

0.3288

Exchange rate – Rs/US$

40.2500

40.2500

 

                   Rupees per litre

CIF

13.3831

13.2342

Excise duty

12.2000

4.7000

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

Contribution to the COVID-19 Solidarity Fund

4.0000

4.0000

STC's Operational Expenses

0.3500

0.4000

Fund from Price Stabilisation Account

(2.0022)

-

Adjustment

-

(0.0094)

TRANSFER PRICE TO OIL COMPANIES

33.8409

26.1848

Oil Companies’ operational expenses and wholesale margin

2.3500

2.1800

VAT (15%)

5.7391

4.5652

WHOLESALE PRICE

41.9300

32.9300

Retail margin

2.0700

2.0700

RETAIL PRICE (Price at Petrol Service Station)

44.0000

35.0000

 

06 August 2020