The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 05 October 2019 

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

595.6500

 -

Reference Price  - US$ per barrel

-

75.9000

CIF - US$/litre

0.4873

0.5014

Exchange rate – Rs/US$

37.0000

37.0000

 

                   Rupees per litre

CIF

18.0301

18.5518

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

3.0000

1.2000

STC’s operational expenses

0.3500

0.4000

Fund from Price Stabilisation Account

(2.2832)

(0.9250)

TRANSFER PRICE TO OIL COMPANIES

34.2069

26.5868

Oil Companies’ operational expenses and wholesale margin

2.1500

1.9800

VAT (15%)

5.7391

4.5652

WHOLESALE PRICE

42.0960

33.1320

Retail margin

1.9040

1.8680

RETAIL PRICE (Price at Petrol Service Station)

44.0000

35.0000

 

04 October 2019