The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 29 December 2021

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

732.1000

 -

Reference Price  - US$ per barrel

-

87.1300

CIF - US$/litre

0.5859

0.5706

Exchange rate – Rs/US$

43.8000

43.8000

 

                   Rupees per litre

CIF

25.6624

24.9923

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

4.2000

4.2000

Contribution to the COVID-19 Solidarity Fund

1.0000

1.0000

Contribution to finance the cost of COVID-19 vaccines

2.0000

2.0000

STC's Operational Expenses

0.3500

0.4000

Adjustment

(4.2641)

(8.5501)

TRANSFER PRICE TO OIL COMPANIES

44.0583

31.4022

Oil Companies’ Operational Expenses and Wholesale Margin

2.3500

2.1800

VAT (15%)

7.2717

5.3478

WHOLESALE PRICE

53.6800

38.9300

Retail Margin

2.0700

2.0700

RETAIL PRICE (Price at Petrol Service Station)

55.7500

41.0000

 

28 December 2021