The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 14 January 2023

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

827.3300

 -

Reference Price  - US$ per barrel

-

115.3800

CIF - US$/litre

0.6769

0.7528

Exchange rate – Rs/US$

45.3500

45.3500

 

                   Rupees per litre

CIF

30.6974

34.1395

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

7.2000

7.2000

STC's Operational Expenses

0.3500

0.4000

Adjustment

-

(5.9147)

Fund to Price Stabilisation Account

6.6574

-

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

 

13 January 2023