Domestic Petroleum Product Prices and Subsidies: Recent Developments and Reform Strategies
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The paper reviews recent developments in the pass-through of international to domestic petroleum product prices, in the different fuel pricing regimes, and in fuel subsidies in a range of emerging market and developing economies. The main finding of the paper is the limited price pass-through in many countries and the consequent increase in fuel subsidies. The paper proposes that key elements of a successful strategy to contain subsidies should comprise: making subsidies explicit; making pricing mechanisms more robust; combining reductions in subsidies with measures to protect the poorest; using the resulting savings well, and transparency and consultation.
Series:
Working Paper No. 2007/071
Subject:
Commodities Energy subsidies Expenditure Fuel prices Inflation Oil Oil prices Prices
English
Publication Date:
March 1, 2007
ISBN/ISSN:
9781451866353/1018-5941
Stock No:
WPIEA2007071
Pages:
24
Please address any questions about this title to publications@imf.org