Published On: Tue, Dec 22nd, 2015

Fuel prices January 2016

WILLEMSTAD - By means of this press release the Bureau Telecommunication & Post (hereinafter to be referred to as: the Bureau) provides further information on the recently by the government of Curaçao established tariff adjustments for Mogas 95 and Low Sulphur Diesel (LSD), which shall be valid in January 2016.

The composition of the different tariff components is presented below for the products Mogas 95 and LSD for the month of December 2015, as well as January 2016.

Products Mogas 95

Dec-15

Mogas 95

Jan-16

Units NAF/Ltr NAF/Ltr
Purchase price 0.6750 0.6517
Import Duty LSD    
Margin Curoil 0.0900 0.0900
Excise-duty 0.4134 0.4134
Surplus/Shortage

(Recovery)

-0.0359 -0.0318
Cross-subsidy 0.0000 0.0000
Wholesale Turnover tax 6% 0.0707 0.0693
Dealer Margin 0.1557 0.1557
Retail Turnover tax 6% 0.0843 0.0828
End user tariff 1.4532 1.4311
     
Price at the pump 1.453 1.431

The tariff adjustments which will become effective on January 5, 2016, primarily originate from the amended purchase prices for Mogas 95, as well as Gasoil LSD.

The regulated tariff for Mogas 95 shows a decrease of approximately NAF. 0,02 per litre. This is a consequence of the decrease of approximately NAF.0,02 in the purchase price, which is based on the invoices of November 2015. This decrease is also in line with the developments in the international Platts quotation for Mogas 95.

The regulated tariff for Gasoil LSD shows a decrease of approximately NAF. 0,05 per litre. This is a consequence of the decrease of approximately NAF. 0,05 in the purchase price, which is based on the invoices of November 2015.

Furthermore the Surplus/deficit component also changes. This component is determined every quarter based on a correction of the differences between forecasts used in the calculations and actual figures, as well as the 60 month recovery. For the fuels Mogas 95 and Gasoil LSD the change of the Surplus/deficit component is small compared to the previous quarter. In order to mitigate substantial price fluctuations in the future, the Surplus/deficit component will no longer be adapted every quarter but every month as from January 2016.

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