Reunion, Fuels: Up 6 Cents On The Super And 3 Cents On Diesel

But fuel prices have been frozen following the establishment of a compensation device'' at the national level. After more than a week of negotiations between the oil and the state, prefecture Reunion has released the pricing arrested on 1 September. Tomorrow, the unleaded and diesel will increase by 6 and 3 cents to go from 1.61 to 1.67 and from 1.26 to 1.29.

Are prices of petroleum products and gas in La Reunion are fixed under the provisions of Decree No. 1333 of November 8, 2010 which provides the framework for determination of oil prices.

This regime establishes a mechanism that allows to comply with the actual conditions of the market and ensure transparency in price formation.

Over the past 15 days that have served as the basis of calculation for determining the selling price of the 1st September, and in a context of stability of the euro against the dollar, quotations have increased sharply for premium (+ 16.36%) and diesel (9.2%).

The decline of freight over the period (-10.9%) is not sufficient to mitigate these increases. Thus, on September 1, increases at the pump would be 12 cents per liter for Super and 5 cents per liter for diesel.

This alert and anxious to preserve the purchasing power of households Reunion, the Government wishes of the end of August, enter all the partners of record fuel to initiate collective action to reduce significantly increase provided for.

Several sessions of negotiations were convened around the prefect of La Reunion the operator of storage, petroleum and representatives of retailers. All agreed that efforts to consent could endanger the distribution model Reunion, guarantee jobs and close.

Unlike other regions overseas, the Regional Council of La Reunion did not want to join the efforts of moderation in prices are therefore assumed by the final state and petroleum.

These efforts focus on premium gasoline that would know the largest increase and more fuel used by the most modest households. Thus, petroleum consent was down 3 cents per liter and storage operator proposes to reduce by 1 penny per liter cost of its passage. To this is added a drop effort of the State of 2 cents per liter. The total effort on premium fuel is 6 cents per liter, limiting the rise September 6 cents per liter.

On Diesel, considering on the one hand it offers a fuel Reunion cheaper than anywhere in France, and other professionals of the road using this fuel enjoy copyright of a refund scheme implemented by the regional community, participants have different negotiations would propose an effort of 2 cents per liter increase in the limiting September 3 cents per liter.

This effort by decomposing the sum of a penny made by petroleum and provides a penny from the state.

Finally, gas, trading back strongly (+18%) after several months of decline, this should lead to an increase price of € 1.57 a bottle, but that will not be impacted, given the wills of regional and departmental communities to maintain the gas cylinder has a base price of € 15.00 until December 31, 2012.

Also, 1st August 2012, the prices of petroleum products and gas Reunion is determined using the following:

Premium (€ / liter) 1.61 / 1.67 (6 cts)

Diesel (€ / liter) 1.26 / 1.29 (3 cts)

FOD / GNR / Oil Lamp (€ / liter) 0.90 / 0 , 95 (5 cts)

premium gasoline intended for professionals of the Sea (€ / liter) 0.84 / 0.94 (10 cents)

Diesel intended for professionals of the Sea (€ / liter) 0.86 / 0.91 (+ 5cts)

Gas (€ / bottle 12.5 kg) 15.00 / 15.00