Just learned that price of diesel, petrol and heavy oil have been revised to become 20% and 15% cheaper respectively. The price reduction has been effected after the urge of the Minister of Finance to economic operators to follow the trend of petroleum prices on the world market. The plea for price reduction has also been aired to members of the chamber of commerce with respect to the basic commodities. The Minister intends to reduce the inflation rate to one digit ratio. The Bank of Mauritius has also revised its repo rate by 0.50% downwards.
Thus as from tomorrow Saturday 1st November 2008, the price of diesel, petrol and heavy oil will be as follows per litre:
Diesel to become MUR 41.00 instead of MUR 51.20 (decrease of 19.92%)
Pertrol to become MUR 39.80 instead of MUR 46.80(decrease of 14.95%)
Heavy oil to become MUR 16.13 insteadof MUR 18.97 (decreaseof 15%)