Gas price continues to rise locally, new increase set for Thursday


PHILIPSBURG, St. Maarten – The government of St. Maarten regulates the prices of petroleum products by imposing a maximum price at which wholesalers and retailers can sell these products on St. Maarten.

Due to the ongoing developments on an international level, the prices of crude oil have experienced adjustments.

Given the aforementioned, the general public is hereby informed that as of Thursday June 11th 2015, 6:00am the maximum consumer price of ULG and Diesel (Gasoil) is adjusted as follows:

                                                               Current Price                     New Price

Unleaded Gasoline (ULG)            2.036 Naf/Liter                   2.115 Naf/Liter

Diesel                                                   1.545 Naf/Liter                    1.618 Naf/Liter

Below is the complete price buildup showing all components that result in the new prices. All number are rounded to three decimal places.

Components                                     ULG – Naf per liter            Gasoil – Naf per liter

Petrotin Posted Price                          1.117                                           0.974

Freight                                                  0.063                                         0.063

Insurance                                              0.000                                        0.000

Import Duty                                         0.290

Liquid throughput fee (THRX)        0.080                                         0.080

Wholesaler margin                              0.230                                         0.230

Max. wholesale price                           1.780                                          1.347

Turnover tax (5%)                               0.089                                         0.067

Max. wholesale price incl. tax            1.869                                          1.415

Retailer margin                                   0.145                                           0.126

Consumer price                                   2.014                                          1.541

Turnover tax (5%)                               0.101                                           0.077

Max. Consumer price incl. tax           2.115                                           1.618