“The new shipment includes 7,500 tonnes of gasoline, 11,500 tonnes of diesel of 50 PPM, 3000 tonnes of marine diesel, 16,000 tonnes of jet fuel, heavy oil of 180 and 380 SR. On Friday the country had stocks that would last for six days, with the new cargo it has a stocks for 28 days,” stated an officer at the STC.
The international price of petroleum remained about 21 per cent higher than the price at the beginning of the year.
For some time, the price had shot up to around $ 120 a barrel. The price dropped to $ 115 recently and had remained so till Friday.
“At the State Trading Corporation (STC) this new cargo of the petroleum products will be enough until the arrival of the next shipment,” said the officer.
“However, we are concerned that the price of a barrel remains high on the international market, on Friday; the price of a barrel of crude oil was $ 115 dollars. The average price in 2010 was $ 79 a barrel and in 2011 it was $ 111,” he added.
The next ship will reach Mauritius on May 28 with the petroleum products. The 50 PPM diesel, including the stock STC already has and with the new cargo, the total stock will last for around 40 days. This new and the one expected at the end of May contains only diesel of 50 PPM.
“Mangalore Refinery and Petrochemicals Ltd resumed their operations and is expected shortly to sign a contract on supply for crude oil for the period 2012/13 with the National Iranian Oil Company and another with the Abu Dhabi National Oil Company of the UAE,” emphasised the officer.
