Press Release - Fuel prices November 215

Press Release

Curaçao, 2 November 2015

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Fuel prices November 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 established price adjustments in the tariffs for Mogas 95 and Low Sulphur Diesel (LSD), as agreed upon by the government of Curaçao and which shall be valid during November, 2015.

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

 

 
Oct-15
Nov-15
     
Oct-15
Nov-15
Products
Mogas 95
Mogas 95
    Products
Gasoil LSD
Gasoil LSD
Unit
NAF/Ltr
NAF/Ltr
    Unit
NAF/Ltr
NAF/Ltr
Purchase price
0.8185
0.7132
    Purchase price
0.7698
0.7328
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/Shortfall (Recovery)
-0.0359
-0.0359
    Surplus/Shortfall (Recovery)
-0.0168
0.0168
Cross subsidy
0.0000
0.0000
    Cross subsidy
0.0000
0.0000
Wholesale Turnover tax 6%
0.0793
0.0730
    Whole sale Turnover tax 6%
0.0507
0.0485
Dealer Margin
0.1557
0.1557
    Dealer Margin
0.1557
0.1557
Retail Turnover tax 6%
0.0934
0.0867
    Retail Turnover Tax 6%
0.0631
0.0608
End user tariff
1.6144
1.4961
    End user tariff
1.0982
1.0567
Price at the pump
1.614
1.496
    Price at the pump
1.098
1.057

The tariff adjustments which will be valid as of 3 November 2015 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.0,12 per litre. This is a consequence of the decrease of NAF.0,10 in the purchase price, which is based on the invoices in September 2015. This decrease is also in line with the developments in the international Platts quotation for Mogas 95. Furthermore this month no modifications will occur in the Surplus/Shortage component, because this is always adjusted at the beginning of a new quarter.

The purchase price of the regulated product Gasoil LSD shows a decrease of approximately NAF.0.03 which is based on the invoices of September 2015. Herewith no modifications occur either in the Surplus/Shortage component. The foregoing results in an absolute decrease in the tariff of the regulated product Gasoil LSD of NAF.0,04 per litre.

Furthermore, the tariffs for LPG remain constant in November 2015 in accordance with the present policy.

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Contact Info

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