diff --git a/cmd/controller/purserctrl.go b/cmd/controller/purserctrl.go
index 701608639..97c67220e 100644
--- a/cmd/controller/purserctrl.go
+++ b/cmd/controller/purserctrl.go
@@ -112,7 +112,8 @@ func startCronJobForPopulatingRateCard() {
 	cloud.PopulateRateCard()
 
 	c := cron.New()
-	err := c.AddFunc("@every 7d", cloud.PopulateRateCard)
+
+	err := c.AddFunc("@every 168h", cloud.PopulateRateCard)
 	if err != nil {
 		log.Error(err)
 	}
diff --git a/pkg/controller/dgraph/models/rateCard.go b/pkg/controller/dgraph/models/rateCard.go
index 41e5063e2..03a5c51dd 100644
--- a/pkg/controller/dgraph/models/rateCard.go
+++ b/pkg/controller/dgraph/models/rateCard.go
@@ -51,6 +51,8 @@ type NodePrice struct {
 	InstanceFamily  string  `json:"instanceFamily,omitempty"`
 	OperatingSystem string  `json:"operatingSystem,omitempty"`
 	Price           float64 `json:"price,omitempty"`
+	PricePerCPU     string  `json:"cpuPrice,omitempty"`
+	PricePerMemory  string  `json:"memoryPrice,omitempty"`
 }
 
 // StoragePrice structure
@@ -61,6 +63,7 @@ type StoragePrice struct {
 	VolumeType     string  `json:"volumeType,omitempty"`
 	UsageType      string  `json:"usageType,omitempty"`
 	Price          float64 `json:"price,omitempty"`
+	PricePerGB     string  `json:"pricePerGB,omitempty"`
 }
 
 // StoreRateCard given a cloudProvider and region it gets rate card and stores(create/update) in dgraph
diff --git a/pkg/pricing/aws/aws.go b/pkg/pricing/aws/aws.go
index 89c432bae..ae049ae93 100644
--- a/pkg/pricing/aws/aws.go
+++ b/pkg/pricing/aws/aws.go
@@ -66,6 +66,8 @@ type ProductAttributes struct {
 	PreInstalledSW  string
 	VolumeType      string
 	UsageType       string
+	Vcpu            string
+	Memory          string
 }
 
 // GetAWSPricing function details
diff --git a/pkg/pricing/aws/convert.go b/pkg/pricing/aws/convert.go
index 2785ed483..a167442a4 100644
--- a/pkg/pricing/aws/convert.go
+++ b/pkg/pricing/aws/convert.go
@@ -19,6 +19,7 @@ package aws
 
 import (
 	"strconv"
+	"strings"
 
 	"github.com/Sirupsen/logrus"
 	"github.com/vmware/purser/pkg/controller/dgraph"
@@ -34,6 +35,12 @@ const (
 	computeInstance = "Compute Instance"
 	priceError      = -1.0
 	hoursInMonth    = 720
+
+	// TODO: Determine priceSplitRatio according to instance type i.e, compute optimized or memory optimized etc
+	priceSplitRatio             = 0.5
+	defaultCPUCostPerCPUPerHour = "0.024"
+	defaultMemCostPerGBPerHour  = "0.01"
+	defaultStorageCostInFloat64 = 0.00013888888
 )
 
 // GetRateCardForAWS takes region as input and returns RateCard and error if any
@@ -66,13 +73,11 @@ func getResourcePricesFromAWSPricing(awsPricing *Pricing) ([]*models.NodePrice,
 	duplicateComputeInstanceChecker := make(map[string]bool)
 	for _, product := range products {
 		priceInFloat64, unit := getResourcePrice(product, planList)
-		if priceInFloat64 != priceError {
-			switch product.ProductFamily {
-			case computeInstance:
-				nodePrices = updateComputeInstancePrices(product, priceInFloat64, duplicateComputeInstanceChecker, nodePrices)
-			case storageInstance:
-				storagePrices = updateStorageInstancePrices(product, priceInFloat64, unit, storagePrices)
-			}
+		switch product.ProductFamily {
+		case computeInstance:
+			nodePrices = updateComputeInstancePrices(product, priceInFloat64, duplicateComputeInstanceChecker, nodePrices)
+		case storageInstance:
+			storagePrices = updateStorageInstancePrices(product, priceInFloat64, unit, storagePrices)
 		}
 	}
 	return nodePrices, storagePrices
@@ -99,6 +104,7 @@ func updateComputeInstancePrices(product Product, priceInFloat64 float64, duplic
 	if _, isPresent := duplicateComputeInstanceChecker[key]; !isPresent && product.Attributes.PreInstalledSW == na {
 		// Unit of Compute price USD-perHour
 		productXID := product.Attributes.InstanceType + deliminator + product.Attributes.InstanceFamily + deliminator + product.Attributes.OperatingSystem
+		pricePerCPU, pricePerGB := getPriceForUnitResource(product, priceInFloat64)
 		nodePrice := &models.NodePrice{
 			ID:              dgraph.ID{Xid: productXID},
 			IsNodePrice:     true,
@@ -106,6 +112,8 @@ func updateComputeInstancePrices(product Product, priceInFloat64 float64, duplic
 			InstanceFamily:  product.Attributes.InstanceFamily,
 			OperatingSystem: product.Attributes.OperatingSystem,
 			Price:           priceInFloat64,
+			PricePerCPU:     pricePerCPU,
+			PricePerMemory:  pricePerGB,
 		}
 		duplicateComputeInstanceChecker[key] = true
 		uid := models.StoreNodePrice(nodePrice, productXID)
@@ -118,10 +126,13 @@ func updateComputeInstancePrices(product Product, priceInFloat64 float64, duplic
 }
 
 func updateStorageInstancePrices(product Product, priceInFloat64 float64, unit string, storagePrices []*models.StoragePrice) []*models.StoragePrice {
-	if unit == gbMonth {
+	if priceInFloat64 == priceError {
+		priceInFloat64 = defaultStorageCostInFloat64
+	} else if unit == gbMonth {
 		// convert to GBHour
 		priceInFloat64 = priceInFloat64 / hoursInMonth
 	}
+
 	productXID := product.Attributes.VolumeType + deliminator + product.Attributes.UsageType
 	storagePrice := &models.StoragePrice{
 		ID:             dgraph.ID{Xid: productXID},
@@ -129,6 +140,7 @@ func updateStorageInstancePrices(product Product, priceInFloat64 float64, unit s
 		VolumeType:     product.Attributes.VolumeType,
 		UsageType:      product.Attributes.UsageType,
 		Price:          priceInFloat64,
+		PricePerGB:     strconv.FormatFloat(priceInFloat64, 'f', 11, 64),
 	}
 	uid := models.StoreStoragePrice(storagePrice, productXID)
 	if uid != "" {
@@ -137,3 +149,24 @@ func updateStorageInstancePrices(product Product, priceInFloat64 float64, unit s
 	}
 	return storagePrices
 }
+
+func getPriceForUnitResource(product Product, priceInFloat64 float64) (string, string) {
+	pricePerCPU := defaultCPUCostPerCPUPerHour
+	pricePerGB := defaultMemCostPerGBPerHour
+
+	// priceInFloat64 should be greater than 0 otherwise this function returns default pricing
+	if priceInFloat64 != priceError && priceInFloat64 != 0 {
+		cpu, err := strconv.ParseFloat(product.Attributes.Vcpu, 64)
+		if err == nil {
+			pricePerCPU = strconv.FormatFloat(priceSplitRatio*priceInFloat64/cpu, 'f', 11, 64)
+		}
+
+		memWithUnits := product.Attributes.Memory
+		// memWithUnits format: "3,126 GiB"
+		mem, err := strconv.ParseFloat(strings.Join(strings.Split(strings.Split(memWithUnits, " GiB")[0], ","), ""), 64)
+		if err == nil {
+			pricePerGB = strconv.FormatFloat((1-priceSplitRatio)*priceInFloat64/mem, 'f', 11, 64)
+		}
+	}
+	return pricePerCPU, pricePerGB
+}