Domestic Petroleum Product Prices and Subsidies: Recent Developments and Reform Strategies
AbstractThe 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/71.
Date of creation: 01 Mar 2007
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-05-04 (All new papers)
- NEP-ENE-2007-05-04 (Energy Economics)
- NEP-PBE-2007-05-04 (Public Economics)
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