STC: "No increase in fuel prices soon"

On Thursday, oil prices rose to $110 against $90 two months ago. At the State Trading Corporation (STC), explains the decision to keep the price of diesel and gasoline that the new mechanism put in place that regulates the price of fuel is doing its worth. A senior official of STC, interviewed by Le Matinal at Thursday, said that despite this situation, they able to maintain current prices for at least two weeks.

"The reason is simple. The new mechanism we have put in place can absorb any price increase through the Price Stabilization Account. Thus, when the price of fuel takes the elevator, this increase is not immediately passed on to consumers." Today STC has a stock "reasonable" supply of fuel and is done every 20 days.

The only problem we face today is due to the following reason, according to this importer of fuel: vessels that supply the country are taking more time to reach Mauritius because they must use safe routes to avoid being attacked by pirates who roam the Indian Ocean.

"The boats must thus take two to three additional days to reach Mauritius. However, STC is currently in negotiations to provide for additional trips, to avert any eventuality," said the senior official.

This organization said they were aware that the situation in the Middle East is causing speculation in the price of fuel. "STC is holding up and intervene when appropriate. But today there is no reason for higher prices," added the senior official, recalling that the mechanism has been established must meet once every month. But it could also occur at any time, depending on situation.

Regarding the other amenities of everyday use, including dry grains whose prices experienced increases in the global market, STC said they did any instructions to import these products to stabilize prices in the local market so far. "The price of dried beans is volatile. They typically sell at Rs 30 the pound in some stores. But a range of outlets are offering different prices. It is now for consumers to exercise discernment," suggests in STC.

Indeed, the half-pound of fat weight currently ranges between Rs 23 and Rs 27.50 on the local market. Sometimes it says the STC is the loyalty of a consumer from a single source of supply is felt that the fluctuation in prices.