Petroleum Products: The ACIM Reiterates its Request for Detailed Information on Pricing at the Pump

11 years, 11 months ago - 8 January 2013, Le Mauricien

On the sidelines of the meeting of the new Petroleum Pricing Committee (PPC) to technically meet early this year, the Consumers' Association of Mauritius (ACIM), which opposes any further price increase reiterates its request to the Minister of Trade and Industry to find detailed information on all the components that go into the final determination of the pump price of petroleum products, including Platts Value, since the last adjustment occurred in 2011 and the corresponding exchange rate for each consignment.

The consumer association wants also to know why a charge of Rs 1.50 per liter is levied petroleum products to subsidize rice prices "ration" and gas appliances while said PMAC, an amount is already deducted this end profits of the bakery industry.

The Association noted that between March 2011 and November 2012, the price of gasoline and diesel practiced in Mauritius were higher than those in many countries of the Organisation for Economic Cooperation and Development (OECD) yet have a per capita income and average wages higher than those of our country.

PMAC also argues that the average change in prices of petroleum products on the world market caused price declines in a number of countries. In the case of Mauritius, the Consumers' Association, which maintains that the parity rupee / dollar between March 2011 and November 2012 has not undergone significant changes, also urges in the name of "transparency", the information Losses on hedging, including Monthly Repayments well as the date on which all the losses have been redeemed, it is communicated.