The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 19 May 2022

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

1,133.5400

 -

Reference Price  - US$ per barrel

-

145.1300

CIF - US$/litre

0.9062

0.9399

Exchange rate – Rs/US$

43.5000

43.5000

 

                   Rupees per litre

CIF

39.4197

40.8857

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

(2.0649)

(12.6609)

TRANSFER PRICE TO OIL COMPANIES

60.0148

43.1848

Oil Companies’ Operational Expenses and Wholesale Margin

2.3500

2.1800

VAT (15%)

9.6652

7.1152

WHOLESALE PRICE

72.0300

52.4800

Retail Margin

2.0700

2.0700

RETAIL PRICE (Price at Petrol Service Station)

74.1000

54.5500

 

18 May 2022