The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 03 April 2021

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

616.7600

 -

Reference Price  - US$ per barrel

-

67.5700

CIF - US$/litre

0.4996

0.4475

Exchange rate – Rs/US$

40.9000

40.9000

 

                   Rupees per litre

CIF

20.4336

18.3028

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

STC's Operational Expenses

0.3500

0.4000

Fund from Price Stabilisation Account

-

(5.0780)

Adjustment

(3.4266)

-

TRANSFER PRICE TO OIL COMPANIES

37.6670

26.1848

Oil Companies’ Operational Expenses and Wholesale Margin

2.3500

2.1800

VAT (15%)

6.3130

4.5652

WHOLESALE PRICE

46.3300

32.9300

Retail Margin

2.0700

2.0700

RETAIL PRICE (Price at Petrol Service Station)

48.4000

35.0000

 

02 April 2021