The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 14 Sept 2022

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

980.3200

 -

Reference Price  - US$ per barrel

-

141.4200

CIF - US$/litre

0.7915

0.9166

Exchange rate – Rs/US$

45.9000

45.9000

 

                   Rupees per litre

CIF

36.3299

42.0719

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

1.0249

(13.8471)

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 September 2022