The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 15 June 2018 

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

729.9800

 -

Reference Price  - US$ per barrel

-

88.6200

CIF - US$/litre

0.5816

0.5798

Exchange rate – Rs/US$

34.6000

34.6000

 

                   Rupees per litre

CIF

20.1234

20.0611

Excise duty

14.8000

7.3000

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

0.1000

0.1000

Contribution to subsidy on LPG, Flour and Rice

1.7500

1.2000

STC’s operational expenses

0.3500

0.4000

Rounding of Figures

0.0265

0.0035

TRANSFER PRICE TO OIL COMPANIES

39.4099

31.2246

Oil Companies’ operational expenses and wholesale margin

1.9300

1.7600

VAT (15%)

6.4761

5.2174

WHOLESALE PRICE

47.8160

38.2020

Retail margin

1.8340

1.7980

RETAIL PRICE (Price at Petrol Service Station)

49.6500

40.0000

 

14 June 2018