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Domestic Petroleum Product Prices and Subsidies; Recent Developments and Reform Strategies

Author

Listed:
  • David Coady
  • Taimur Baig
  • Joseph Ntamatungiro
  • Amine Mati

Abstract

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.

Suggested Citation

  • David Coady & Taimur Baig & Joseph Ntamatungiro & Amine Mati, 2007. "Domestic Petroleum Product Prices and Subsidies; Recent Developments and Reform Strategies," IMF Working Papers 07/71, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:07/71
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20608
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    References listed on IDEAS

    as
    1. Kangni Kpodar & David Coady & Moataz El-Said & Robert Gillingham & Paulo Medas & David Newhouse, 2006. "The Magnitude and Distribution of Fuel Subsidies: Evidence from Bolivia, Ghana, Jordan, Mali, and Sri Lanka," Post-Print hal-00130176, HAL.
    2. Sanjeev Gupta & Benedict J. Clements & Kevin Fletcher & Gabriela Inchauste, 2002. "Issues in Domestic Petroleum Pricing in Oil-Producing Countries," IMF Working Papers 02/140, International Monetary Fund.
    3. Benedict F. W. Bingham & James Daniel & Giulio Federico, 2001. "Domestic Petroleum Price Smoothing in Developing and Transition Countries," IMF Working Papers 01/75, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Fiscal policy; Oil subsidies; Petroleum; Subsidies; fuel prices; subsidy; petroleum products; fuel price;

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