Africa-Press – Cape verde. Fuels have been cheaper since midnight today, September 1, according to an update from the Multisectoral Economic Regulatory Agency (ARME). Gasoline is now sold for ESC 147.70/L, ESC 18.8 less compared to last month. Butane gas is also cheaper.
According to the new table, which should be in effect during the month of September, gasoline will be sold at ESC 147.70/L, oil at ESC 178.00/L, normal diesel at ESC 165.70/L , diesel for electricity at 156.70 ESC/L, marine diesel at 131.90 ESC/L, fuel 380 at 118.10 ESC/KG and fuel 180 at 123.40 ESC/KG.
Butane gas is now sold in bulk for ESC 145.90/KG, with 3KG bottles at Esc 416.00, 6KG at Esc 875.00, 12.5Kg at Esc 1824.00 and those of 55Kg at 8025.00 Escudos.
ARME justifies this decrease with the decrease of 5.14%, 11.34%, 0.78%, 2.59%, 2.73%, 2.80%, 2.56% and 2.45%, respectively, the prices of Butane, Gasoline, Petroleum, Normal Diesel, Electricity Diesel, Marine Diesel, Fuel Oil 380 and Fuel Oil 180, in the domestic market.
“When compared to the same period last year (September 2021), the average change in fuel prices corresponds to an increase of 58.8% and, compared to the average change over the current year, corresponds to an increase of 9.5% percent,” he said.
customs tariff
ARME recalls, on the other hand, that for the present fuel price update, Law no. and the Special Consumption Tax (ICE) rates, included in the Customs Tariff, approved by Law No. 49/IX/2019, of 27 February.
“The aforementioned law also reduces the DI rate on Gasoline, from 20% to 10%, as well as on Fuel 180 and 380, from 5% to 0%, respectively, and also reduces the ICE rate on the Diesel and Gasoline, changing from 10% to the specific price of 6$00 (six escudos) per litre, and takes effect from July 1 to December 31, 2022”, he adds.
Also taken into account, according to the same source, was the change in the premium provided for in the Product Import Contract, entered into between the oil companies and the supplier, in February 2022, from 76.25 to 86 USD/MT, for the Diesel, and from 49 to 73 USD/MT, for Fuel Oil, for a period of three months, between August and October 2022.
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