Published On: Wed, Jan 31st, 2018

New tariffs for fuel and propane gas announced by the government

WILLEMSTAD - Through this publication, the Government of Curaçao announces that the end user prices for the products Mogas 95, Gasoil LSD, LPG 100 lbs and LPG 20 lbs shall be adjusted as per 30 January 2018.

In view of the frequent fluctuations in the international oil prices, the government feels obliged to proceed to:

1. the monthly adjustment of the end user prices, and
2. the publication of the current and new end user prices per product.

From 2 January 2018 through 29 January 2018, the price breakdown for Mogas 95, Gasoil LSD, LPG 100 lbs and LPG 20 lbs, is as follows:

1

As per 30 January 2018, until further notice, the new price breakdown for the products Mogas 95, Gasoil LSD, LPG 100 lbs and LPG 20 lbs shall be as follows:

2

Explanation

The small changes in the end user prices for Mogas 95 and Gasoil LSD are mainly the result of a change of the purchase prices and a change in the correction of the Surplus/Deficit components. The increase in the end user prices for LPG 100 and LPG 20 is mainly caused by a sharp increase of the purchase prices during the past months while the the financial buffer, which was created during the period that prices were low, has been consumed. In order to moderate the increase of the LPG rates, a cross-subsidization by the tariffs for Mogas 95 and Gasoil LSD will be applied.

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