Within the energy sector, apart from the regulated fuels for motor vehicles and electricity production, there also are regulated fuels with an entirely different character. Bitumen belongs to this category. This refers to bitumen 40/50, which together with sand and chippings forms the basic resource for asphalt. The product is produced by PDVSA from crude oil and delivered by Curoil as wholesaler to the end user. The largest purchaser of bitumen is Asfalt Centrale Curaçao (ACC), which uses it to produce asphalt concrete.
Framework development BT&P tasks
As per government orders, BT&P renders advice on setting the tariff and the tariff structure for bitumen and the required adjustments related thereto as a result of international market developments, which affect the cost price and, as such, the wholesaler’s sales price of bitumen for the end user. Based on this, BT&P exercises economic supervision on the market for bitumen. The principle for this supervision is laid down in the Prices Ordinance 1961, (Official Gazette 1961, no. 117)* and the Tariff guideline bitumen 40/50 related thereto.
* Note: This National Ordinance has not yet been adapted to the new constitutional structure effective as from 10 October 2010.
You can read more about the legislation and tariff guideline bitumen 40/50, which form the basis of the tasks of the BT&P in the field of bitumen under Legislation bitumen.
Prices bitumen & asphalt concrete
The prices for bitumen for local use are subject to strict regulations, because of the small scale of the market and the strong need for asphalt by the community.
The mechanism to determine the price is in accordance with the similar tariff structure as for other regulated fuels, the significant difference being that the price for bitumen 45/50 is reviewed once a year as opposed to once a month.