Press release fuel prices September 2015

Press Release 

Curaçao, 31st August 2015

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Fuel prices September 2015

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 6%
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 prognosis of the 60 months recovery, based on the realized figures in the calculation, is being adapted quarterly and therefore remains unchanged for both products as compared with the month of August 2015.

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Contact Info

Beatrixlaan 9, Curaçao
P.O. Box 2047
Phone: (5999) 463-1700
Fax: (5999) 736-5265