Oil And Gas: 450 Million Liters Planned for Next Year

10 years, 11 months ago - 21 November 2013, Le Mauricien

Trade Minister Cader Sayed-Hossen may need to make a correction to an answer provided to the National Assembly during the discussion on the Private Notice Question Tuesday.

Indeed, he had responded to the Leader of the Opposition Paul Berenger that revenues collected with the Levy of Re 1 per liter of gasoline and fuel oil will be Rs 350 million to finance the Bus Replacement Mechanism.

However, the exact figure should be Rs 450 million, Rs 100 million more, because the consumption of gasoline and heating oil is expected to reach 450 million liters next year. The fuel consumption is 170 million liters. 450 million liters for 2014 are expected to increase to 421 million liters this year.

The heavy oil imports on behalf of the Central Electricity Board in particular and Jet Fuel for Bunkering at the airport are not affected by the imposition of the Levy of Re 1. Minister Sayed-Hossen could be called upon to make the necessary correction path Statement on the parliamentary session of the day.