Fuel: "the price will not drop anytime soon"
5 Septembre 2011
Oil prices on the world market continues to play yoyo. If it had taken an upward trend a few months ago, now it has taken a downward trend.
In Mauritius, motorists should take their troubles patiently still low because the gas prices will not decline anytime soon.
Two weeks ago, the Petroleum Pricing Committee (PPC) met and took note of the evolution of oil prices on the world market. The officers have considered the impact of declining very low.
This is reflected in a statement Cader Sayed-Hossen the Minister of Industry, Trade and Consumer Protection has made this Sunday to the Le Matinal.
The Last month the price of a barrel of oil was $ 124, while Saturday it was $ 112,330. Given the trend, the price of oil tumbles on the world market. Motorists are wondering when is it that the PPC will meet to review the price? Within the State Trading Corporation (STC), we noted that the PPC is closely price developments in the global market.
Cader Sayed-Hossen, the Minister of Industry, Trade and Consumer Protection also argued that within the Petroleum Pricing Committee (PPC), there is a mechanism, which was set up.
"From Thus if the value is below the percentage that is lower then the price will remain unchanged. In another week, the PPC will meet to read again the impact of the decline and whether it is consistent it will be taken while the revised downwards, "he argued.
The Association Consumers of Mauritius (ACIM), for its part that the lower prices on the world market to affect prices on the Mauritian market. "We must remember that in 2008 oil prices had fallen to $ 80 a barrel and the price on the Mauritian market was unchanged. It should be more transparency regarding oil products. The ACIM request a meeting with the new Minister of Industry," said Jayen Chellum general secretary of the association. He also stated that it is shocking that the price of oil in Mauritius will remain unchanged for six months while the price on the world market is going down.