Published On: Tue, Sep 1st, 2015

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.

 

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