Ouro Preto International Final Report Cook Islands Review of Fuel Distribution and Pricing System Prepared for Cook Islands Government October 2005 Alan Bartmanovich Principal Energy Consultant Ouro Preto International Phone/Fax: +61 (0) 2 6161 3606 23 Lumeah Street Mobile: +61 (0) 410 542 534 Narrabundah 2604 ACT e-mail:
[email protected] Australia CONFIDENTIAL TO GOVERNMENT Cook Islands Review of Fuel Distribution and Pricing System TABLE OF CONTENTS page 1. Introduction 3 2. Terms of Reference 4 3. Executive Summary 6 4. Recommendations 10 4.1 Recommendation Summary 4.2 Recommendation Detail 5. Specifications and Demand 15 6. Fuel Price Regulation 18 6.1 Cook Islands Fuel Pricing Template 6.2 Wholesale and Retail Fuel Price 7. Fuel Terminals 22 8. Importation, Storage and Distribution 25 9. Standards and Regulations 26 10. Lessons from other Pacific Island Countries 28 10.1 Fuel Excise and Taxation 10.2 ROCE rates used in other Pacific Islands Countries 10.3 Comparative Fuel Prices - Pacific Region 10.4 Independently Owned Fuel Terminals 10.5 Equitable Outer Islands Fuel Pricing – Kiribati and Tuvalu Attachments A. Cook Islands Fuel Pricing Template B. Cook Islands Fuel Pricing Template – Elements in need of Review C1. Mogas Comparative Costing by Island /Group C2. Mogas Comparative Costing – Proposed Changes D1. ADO Comparative Costing by Island /Group D2. ADO Comparative Costing – Proposed Changes E. Progamme of Consultant In-Country Visits F. Agenda – Chamber of Commerce Meeting Ouro Preto International..CI Fuel Review Final Report Oct 2005 v1.2 2 CONFIDENTIAL TO GOVERNMENT Cook Islands Review of Fuel Distribution and Pricing System 1.