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AfricaMoney | August 18, 2017

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State Trading Corporation strikes cheaper petrol transportation with Torm Anabel

State Trading Corporation strikes cheaper petrol transportation with Torm Anabel

Since the termination of the contract with Betamax, last month, Torm Anabel is the first ship vessel transporting petroleum products in Mauritius. This agreement made by the State Trading Corporation , with the new transportation vessel, is based upon a lower freight cost of 26 dollars per metric which is five dollars lesser than the price of Red Eagle Betamax, which was 31 dollars per metric tons.(Image: fleetmon.com)

Torm Anabel the new tanker, which is currently supplying petroleum products in Mauritius tied up the harbour on Thursday February 19, 2015, with a cargo of 41 000 tons of ‘white oil’.

Since the termination of the contract with Betamax, last month, Torm Anabel is the first ship vessel transporting petroleum products in Mauritius.

This agreement made by the State Trading Corporation (STC), with the new transportation vessel, is based upon a lower freight cost of 26 dollars (approximately RS 864.50) per metric which is five dollars (approx Rs 166.25) lesser than the price of Red Eagle Betamax, which was 31 dollars (approx Rs 1030.75) per metric tons.

The decision taken by the government to cancel the contract of the company Betamax will allow the country to realize savings in terms of cost, with 5 dollars (approx Rs 166.25) less, which represents a lot for the Mauritian economy.

Furthermore, after the landing of the first cargo of petroleum products of the category White Oil on Thursday afternoon, the first cargo of Black Oil vessel, Alpine Light were also expected at the end of last week.

Alpine Light transporting 32000 tons of petroleum products left Mangalore, on Friday February 20, 2015 aiming its direction toward the harbour of Port Louis.

On this occasion, The Minister of Industry, Commerce and Consumer Protection, Ashit Gungah, preceded a site-guided visit on Friday on the tanker Torm Anabel.

He asserted on the fact that the government will save cost and solve freight cost issues after this agreement with Torn Anabel as Mauritius consume around 1.2 million tons of petroleum products per year.

He also ponders on how the further transportation agreement will take place.

“The State Trading Corporation and other experts are working to set out the launch for a new bidding call on from an International perspective. A process which will take place in two weeks time and the tender will last for 15 months till we end the contract with Mangalore,” declared the Minister of Industry, Commerce and Consumer Protection, Ashit Gungah.

“We will however, make sure that there will be no shortage in the distribution of petroleum products, as we will always find new distributors. We can already say that for the next cargo of petroleum products will be even cheaper which can varies around 20 dollars (approx Rs 665.00) per tons,” he further said.

Finally, the Minister was questioned about a reduction in the price of gasoline and diesel in the market, he pointed out that the freight cost represents only a part of the expenses and the pump prices will not fall.

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