Fuel Mauritius
Recovery of loss of "hedging" by the STC - Pillay wrote to Berenger
Extremely rare. The Chief Executive Officer (CEO) of a parastatal body wrote to the Leader of the Opposition to light his lantern.
27 Apr 2011, motors.mega.mu
Petroleum products: A commission investigation on the STC from unionists
The Common Front calls for a commission of investigation against the State Trading Corporation (STC). According to members of this front, the major importer of petroleum products would not act transparently.
23 Apr 2011, motors.mega.mu
Mauritius State Trading Corporation (STC) was losing $115 per oil barrel in 2008-2009
The decision to opt for hedging was taken on July 22, 2008
22 Apr 2011, business.mega.mu
Hedging on fuel: Bank overdrafts will cost Rs 250 million to STC
The State Trading Corporation (STC) has used loans and bank overdrafts to finance the Rs 4.7 billion losses from hedging on the performance of petroleum products. Interest payable on these transactions amounted to Rs 250 million.
21 Apr 2011, motors.mega.mu
Rs 750 million to build three fuel storage tanks
The State Trading Corporation has started negotiations with the financial sector in conjunction with the construction of three fuel tanks in the port area following the approval of Cabinet on 18 March. This project, costing Rs 750 million, will be materialized by the end of 2013, told the Le Matinal a source familiar with the matter.
14 Apr 2011, motors.mega.mu
Fuel taxes to be reduces temporarily
29 Mar 2011, business.mega.mu
New measures to beat oil, gas shortages
The State Trading Corporation has taken a series of measures to increase its storage capacity for petroleum products
23 Mar 2011, business.mega.mu
Air Mauritius fuel surcharges increased starting from March 16
Prices grew as the result of the sustained escalation of the price of fuel in the world
16 Mar 2011, business.mega.mu
The price of petrol will exceed the Rs 50 by April
For the first time in Mauritius, the price of petrol will exceed the Rs 50 per litre threshold to reach Rs 51.65 per litre, compared to Rs 48.50 per litre previously. This represents a 6.5 per cent rise.
10 Mar 2011, business.mega.mu
Mauritians in the streets against the cost of living
A peaceful march to the call of the Confederation of Private Sector Workers (CTSP) had place in Rose-Hill on March 5
07 Mar 2011, business.mega.mu
Fuel reserves will raise in Mauritius
The Ministry of Commerce and Industry will immediately submit a proposal to Cabinet for the setting up of a strategic reserve of petroleum products following increasing risks of piracy in the Indian Ocean
04 Mar 2011, business.mega.mu
Luxmi Anousha Boodhoo
The price of fuel is steadily increasing. On Friday, the barrel of fuel was sold at $112.57 while just two days ago, on Wednesday, February 23, one barrel was being sold at $107.95.
26 Feb 2011, The Independent Daily