The components of the new Price Structure are as follows:

PRICE STRUCTURE wef 28 January 2024

                         

Mogas

Gas Oil

Reference Price  - US$ per metric ton

804.3500

 -

Reference Price  - US$ per barrel

-

100.7600

CIF - US$/litre

0.6747

0.6831

Exchange rate – Rs/US$

45.1500

45.1500

 

                   Rupees per litre

CIF

30.4627

30.8420

Excise duty

11.8700

4.2200

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

0.0500

0.0500

Contribution to Subsidy on LPG, Flour and Rice

7.2000

7.2000

STC's Operational Expenses

0.3500

0.4000

Rounding of Figures

0.0225

-

Fund to Price Stabilisation Account

-

5.5567

TRANSFER PRICE TO OIL COMPANIES

52.2152

50.4287

Oil Companies’ Operational Expenses and Wholesale Margin

2.3500

2.1800

VAT (15%)

8.6348

8.3413

WHOLESALE PRICE

63.2000

60.9500

Retail Margin

3.0000

3.0000

RETAIL PRICE (Price at Petrol Service Station)

66.2000

63.9500

 

17 February 2024