Fuel prices September 2015
WILLEMSTAD - The Bureau Telecommunication & Post (to be referred to hereinafter as: the Bureau) by means of this press release gives further information on the recently adapted tariffs for Mogas 95 (gasoline), Low Sulphur Diesel (LSD) and Liquefied Petroleum Gas (LPG), as agreed upon by the government of Curaçao and which shall be valid as of September 1, 2015.
The composition of the different tariffs is presented below for the products Mogas 95 and LSD for the month of August, as well as September 2015.
|
Aug-15 |
Sep-15 |
Aug-15 |
Sep-15 |
|||
| Products |
Mogas 95 |
Mogas 95 |
Products |
Gasoil LSD |
Gasoil LSD |
|
| Unit |
NAF/Ltr |
NAF/Ltr |
Unit |
NAF/Ltr |
NAF/Ltr |
|
| Purchase price |
1.0737 |
1.0299 |
Purchase price |
0.8879 |
0.7698 |
|
| Import Duty LSD | Import Duty LSD |
0.0000 |
0.0000 |
|||
| Margin Curoil |
0.0900 |
0.0900 |
Margin Curoil |
0.0757 |
0.0757 |
|
| Excise-duty |
0.4134 |
0.4134 |
Excise duty | |||
| Surplus/Shortage
(Recovery) |
0.1297 |
0.1297 |
Surplus/Shortgage
(Recovery) |
0.0167 |
0.0167 |
|
| Cross- subsidy |
0.0000 |
0.0000 |
Cross-subsidy |
0.0000 |
0.0000 |
|
| Wholesale Turnover tax 6% |
0.0946 |
0.0920 |
Wholesale Turnover Tax % |
0.0578 |
0.0507 |
|
| Dealer Margin |
0.1557 |
0.1557 |
Dealer Margin |
0.1557 |
0.1557 |
|
| Retail Turnover tax 6% |
0.1096 |
0.1096 |
Retail Turnover Tax 6% |
0.0706 |
0.0631 |
|
| End user tariff |
2.0667 |
2.0176 |
End user tariff |
1.2644 |
1.1317 |
|
| Price at the pump |
2.067 |
2.018 |
Price at the pump |
1.264 |
1.132 |
The adaptations of the tariffs, which become applicable as per 1 September, primarily originate from the changed purchase prices of Curoil for both products.
The regulated product Mogas 95 shows a decrease in the tariff of approximately NAF.0,05 per litre. This is a consequence of the decrease of the purchase price, based on the invoices of July 2015. This decrease is also in line with the development of the international Platts quotation for Mogas 95. The tariff of the regulated product Gasoil LSD shows a decrease due to the lower purchase price, which is based on the purchase invoice of July 2015.
The item surplus/shortage, consisting of a correction of the prognoses of the 60 months recovery, based on the realized figures in the calculation, is being adapted quarterly and therefore it remains unchanged for both products as compared with the month of August. 2015.
The end user tariffs for LPG 100 and LPG 20 are kept on a stable price level -in principle- and in August 2015 they were respectively NAF. 60,00 and NAF. 13,50. Due to the level of the purchase prices in the past period and the room this afforded, the tariffs for LPG 100 lbs and LPG 20 lbs are decreased to respectively NAF. 50,00 and NAF. 10,00 in order to achieve an alleviation of costs for the community.
