Since some days, i wanted to blog on this particular topic, especially with the rise of petrol/diesel/gas…
Perhaps some of you may have noticed this practice in some of the filling stations in our island, i did at several times, especially when the State Trading Corporation (STC) is on the point of reviewing the price of the petroleum products each 3months.
In Mauritius, the State Trading Corporation is responsible for reviewing the prices of different products to reflect the world price.
Some of these filling stations stop their daily activities much earlier than usual, thus, keeping their stock of petroleum for the next day, where they will gain much more profit with their old stock (bought at cheaper price).
Lets say that the station X has filled all the tanks (1000L) at Rs41.00/Litre.
Imagine that at 6pm, there is 500Litres left and the STC has announced an increase in the price of petrol which will be effective at 0000hrs the same day.
This same station X shuts down immediately, saying that it is out of stock!
Who gonna know if its the truth??
The next day, the Station sells the old stock at rs49/Litre, thus making a profit of rs8, in addition to its normal profit.
Thats makes about euh, pas koner kombien profit en plis, mais c ene gros profit, illegallement!!!
Ya, this is the reality, in our paradise island….
Normally, there are laws that exist to prevent such practices, but do all the filling stations abide to those laws?
Suprisingly, this happens only on the day where the prices are gonna increase most probably, once every 3months!