The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 25 May 2024

 

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

858.0800

 -

Reference Price  - US$ per barrel

-

96.7000

CIF - US$/litre

0.7150

0.6575

Exchange rate – Rs/US$

46.8400

46.8400

 

                   Rupees per litre

CIF

33.4906

30.7973

Excise duty

11.8700

4.2200

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

0.0500

0.0500

Contribution to Subsidy on LPG, Flour and Rice

7.2000

7.2000

STC's Operational Expenses

0.3500

0.4000

Fund to/(from) Price Stabilisation Account

(3.0054)

5.6014

TRANSFER PRICE TO OIL COMPANIES

52.2152

50.4287

Oil Companies’ Operational Expenses and Wholesale Margin

2.3500

2.1800

VAT (15%)

8.6348

8.3413

WHOLESALE PRICE

63.2000

60.9500

Retail Margin

3.0000

3.0000

RETAIL PRICE (Price at Petrol Service Station)

66.2000

63.9500

 

24 May 2024