Crude Oil Conversion

Fuel oil import cost = (MOPS price + price fluctuation value) * exchange rate * (1 + tariff rate) * (1 + VAT rate) + other expenses.
MOPS: This price is usually published daily by “PLATT’S ASIA PACIFIC AREA GULF MARKETSCAN”. This price is usually a price that is independent of other companies according to market supply and demand, for market reference.
Other expenses = import agency fee + port fee, terminal fee + storage fee + commodity inspection fee + chargeback fee + health inspection fee + insurance fee + interest + city construction fee + education surcharge + flood prevention fee, etc.
The “Futures crude oil cost count” is used to calculate the cost price of the purchased fuel.
Please note that the calculation results are for reference only！