The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 09 October 2018 

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

729.4600

 -

Reference Price  - US$ per barrel

-

93.1500

CIF - US$/litre

0.5829

0.6103

Exchange rate – Rs/US$

35.0000

35.0000

 

                   Rupees per litre

CIF

20.4015

21.3605

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

0.3000

0.3000

Contribution to subsidy on LPG, Flour and Rice

1.7500

1.2000

STC’s operational expenses

0.3500

0.4000

Adjustment

(0.7416)

-

Fund from Price Stabilisation Account

-

(1.7859)

(TRANSFER PRICE TO OIL COMPANIES

39.1199

30.9346

Oil Companies’ operational expenses and wholesale margin

2.1500

1.9800

VAT (15%)

6.4761

5.2174

WHOLESALE PRICE

47.7460

38.1320

Retail margin

1.9040

1.8680

RETAIL PRICE (Price at Petrol Service Station)

49.6500

40.0000

 

08 October 2018