The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 07 March 2020

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

534.5300

 -

Reference Price  - US$ per barrel

-

65.5300

CIF - US$/litre

0.4415

0.4361

Exchange rate – Rs/US$

37.7500

37.7500

 

                   Rupees per litre

CIF

16.6666

16.4628

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

STC’s operational expenses

0.3500

0.4000

Fund from Price Stabilisation Account

(0.9197)

0.000

Adjustment

0.0000

1.1640

TRANSFER PRICE TO OIL COMPANIES

34.2069

26.5868

Oil Companies’ operational expenses and wholesale margin

2.1500

1.9800

VAT (15%)

5.7391

4.5652

WHOLESALE PRICE

42.0960

33.1320

Retail margin

1.9040

1.8680

RETAIL PRICE (Price at Petrol Service Station)

44.0000

35.0000

 

06 March 2020