Fuel Prices Mauritius

From energypedia

Part of: GIZ International Fuel Price database
Also see: Mauritius Energy Situation

Fuel Pricing Policies

Local Currency: MUR
Exchange Rate: 28.92


Last Update:

The State Trading Corporation (STC) regulates fuel prices in Mauritius. Their internet website (http://www.stcmu.com/) offers clear and comprehensive information about fuel pricing.

Prices are calculated based on a formula system, with regard to world market prices, costs and margins and other costs („Petroleum Price System“, PPS). Whenenver the calculated price differs from the current pump price by more than a certain margin (e.g. 5%), pump prices are changed accordingly.

The „Price Stabilisation Account“ (PSA) was installed to enable constant pump prices over longer periods, i.e. to flatten volatile import prices. It is used to compensate the difference between calculated (real) price and current pump price. A special PSA duty can be imposed on liquid fuels if the account gets low.

Companies are subject to windfall gains and losses everytime the price changes, because of their stock of liquid fuels. These losses and gains are now cleared by STC, resulting in higher (windfall losses) or lower (windfall gains) fuel prices for the next month.

Until late 2010, STC set prices on a monthly basis.

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition for one litre of Gasoline 95 Octane as of 2011/03/27.

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GIZ IFP2012 Mauritius2.png

Source: http://www.stcmu.com/index.php?option=com_content&view=article&id=120&Itemid=105

The Excise Duty for diesel is only 3.30 MUR, leading to a lower pump price.

At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.stcmu.com/
Price Composition http://www.stcmu.com/index.php?option=com_content&view=article&id=120&Itemid=105
Pricing Mechanism http://www.stcmu.com/index.php?option=com_content&view=article&id=118&Itemid=103
Pump prices and margins http://www.stcmu.com/index.php?option=com_content&view=article&id=122&Itemid=107


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de