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Fossil Fuel Subsidy and Pricing Policies: Recent Developing Country Experience

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dc.contributor.authorKojima, Masami
dc.date.accessioned2016-01-12T22:40:08Z
dc.date.available2016-01-12T22:40:08Z
dc.date.issued2016-01
dc.description.abstractThe steep decline in the world oil price in the last quarter of 2014 slashed fuel price subsidies. Several governments responded by announcing that they would remove subsidies for one or more fuels and move to market-based pricing with full cost recovery. Other governments took advantage of low world prices to increase taxes and other charges on fuels. However, the decision to move to cost recovery and market prices, ending budgetary support, has not been implemented consistently across countries. Policy announcements have varied in the way they were communicated and the level of detail provided. When petroleum product prices bounced back during the first half of 2015, some reforming governments failed to raise prices correspondingly. Recent experience suggests that regular and frequent price adjustments, however small—as in Jordan and Morocco—help the government and consumers to get accustomed to fluctuations in world fuel prices and exchange rates. By contrast, freezing prices, even for a few months—for socioeconomic considerations or because the needed adjustments are small enough to be absorbed—increases the risk of reversion to ad hoc pricing and price subsidies. The more formally the decision to move to market-based pricing is communicated, the more public new price announcements, and the higher the frequency of price changes, the more likely the implementation of the announced pricing policy reform will be sustained.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/01/25762644/fossil-fuel-subsidy-pricing-policies-recent-developing-country-experience
dc.identifier.doi10.1596/1813-9450-7531
dc.identifier.urihttps://hdl.handle.net/10986/23631
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7531
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectFUEL SHORTAGE
dc.subjectSPOT PRICE
dc.subjectFUEL SPECIFICATIONS
dc.subjectPOWER PLANTS
dc.subjectREFINED PRODUCTS
dc.subjectFOSSIL FUELS
dc.subjectCARBON DIOXIDE
dc.subjectDOMESTIC GAS
dc.subjectRESIDENTIAL CONSUMERS
dc.subjectREFINERY OPERATIONS
dc.subjectELECTRICITY TARIFF
dc.subjectENERGY PRICING
dc.subjectHEAT METERS
dc.subjectPOWER PRICES
dc.subjectGENERATION
dc.subjectCOST OF ELECTRICITY
dc.subjectGASOLINE
dc.subjectGAS IMPORTS
dc.subjectENERGY PRODUCTS
dc.subjectETHANOL
dc.subjectEFFICIENCY IMPROVEMENT
dc.subjectPRICE
dc.subjectVOLTAGE
dc.subjectPOWER SYSTEM
dc.subjectDOMESTIC NATURAL GAS PRODUCTION
dc.subjectPOWER GENERATION PLANT
dc.subjectAVIATION FUEL
dc.subjectLNG
dc.subjectOIL PRICES
dc.subjectPETROLEUM
dc.subjectAIR POLLUTION
dc.subjectOIL
dc.subjectBIOMASS RESOURCES
dc.subjectKEROSENE SUBSIDIES
dc.subjectGAS DEVELOPMENT
dc.subjectOIL COMPANIES
dc.subjectFUEL USE
dc.subjectDOMESTIC SUPPLY
dc.subjectELECTRIFICATION
dc.subjectPOWER GENERATORS
dc.subjectDISTRIBUTION FACILITIES
dc.subjectFUEL PRODUCTS
dc.subjectALTERNATIVE FUELS
dc.subjectOIL IMPORTS
dc.subjectPOWER COMPANY
dc.subjectFUELS
dc.subjectFUEL SWITCHING
dc.subjectFUEL COSTS
dc.subjectELECTRICITY PRODUCERS
dc.subjectFUEL SUPPLY
dc.subjectGAS COMPANIES
dc.subjectCOAL MINING
dc.subjectMINERAL RESOURCES
dc.subjectGAS PROCESSING PLANTS
dc.subjectBALANCE
dc.subjectELECTRIC POWER
dc.subjectELECTRICITY
dc.subjectCEMENT
dc.subjectPRICE OF OIL
dc.subjectHYDROPOWER
dc.subjectFUEL BILLS
dc.subjectEVAPORATIVE EMISSIONS
dc.subjectELECTRICITY GENERATION
dc.subjectFOSSIL FUEL
dc.subjectOIL EXPORTS
dc.subjectPOWER_SECTOR
dc.subjectPETROLEUM GAS
dc.subjectIMPORTS OF PETROLEUM
dc.subjectFUEL PRICES
dc.subjectVALUE OF ENERGY
dc.subjectENERGY USE
dc.subjectNET OIL
dc.subjectSULFUR FUEL OIL
dc.subjectFOSSIL FUELS
dc.subjectTARIFF LEVELS
dc.subjectPETROLEUM SECTOR
dc.subjectFOSSIL FUEL CONSUMPTION
dc.subjectAUTOMOTIVE FUELS
dc.subjectPETROLEUM DIESEL
dc.subjectENERGY OUTLOOK
dc.subjectOIL REFINERY
dc.subjectTAX REBATE
dc.subjectCOAL
dc.subjectDIESEL FUEL
dc.subjectFUEL
dc.subjectCRUDE OIL
dc.subjectFACILITIES
dc.subjectHYDROPOWER GENERATION
dc.subjectSULFUR CONTENT
dc.subjectGAS METERS
dc.subjectPETROLEUM PRODUCTS
dc.subjectOIL EXPORTER
dc.subjectDIESEL
dc.subjectKEROSENE
dc.subjectOIL COST
dc.subjectOIL INDUSTRY
dc.subjectBACKUP POWER
dc.subjectFOSSIL FUEL CONSUMPTION
dc.subjectPIPELINE
dc.subjectAPPROACH
dc.subjectEMPLOYMENT
dc.subjectLIQUID FUEL
dc.subjectKILOWATT‐HOUR
dc.subjectPOWER SECTORS
dc.subjectPUBLIC UTILITIES
dc.subjectOIL PRICE
dc.subjectTAX EXEMPTION
dc.subjectCEMENT PRODUCTION
dc.subjectGAS TURBINES
dc.subjectDISTRICT HEATING
dc.subjectVEHICLES
dc.subjectACTIVITIES
dc.subjectOIL COMPANY
dc.subjectOIL OUTPUT
dc.subjectWIND
dc.subjectCLEAN ENERGY
dc.subjectEMISSIONS
dc.subjectGAS PRICES
dc.subjectGAS PRICE
dc.subjectDOMESTIC NATURAL GAS
dc.subjectLIQUID FUELS
dc.subjectCARBON DIOXIDE EMISSIONS
dc.subjectCOAL COMPANY
dc.subjectGAS FIELDS
dc.subjectOIL PRICE COLLAPSE
dc.subjectGAS
dc.subjectWHOLESALE PRICE
dc.subjectBARRELS PER DAY
dc.subjectPOLLUTANT EMISSIONS
dc.subjectDOMESTIC OIL
dc.subjectOIL CONSUMPTION
dc.subjectOIL PRODUCTION
dc.subjectGAS CONSUMPTION
dc.subjectSAFETY REGULATIONS
dc.subjectTRANSPORTATION FUEL
dc.subjectDISTRICT‐HEATING
dc.subjectELECTRICITY CONSUMPTION
dc.subjectRESIDUAL FUEL
dc.subjectBIOMASS
dc.subjectGENERATION CAPACITY
dc.subjectOILS
dc.subjectNATURAL GAS PRICES
dc.subjectPOWER GENERATION
dc.subjectNATURAL GAS PRODUCTION
dc.subjectPRICES OF FUELS
dc.subjectPOWER SECTOR
dc.subjectGAS PRODUCTION
dc.subjectOPTIONS
dc.subjectWATER
dc.subjectSOLID FUELS
dc.subjectELECTRICITY SUPPLY
dc.subjectPOLLUTION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectFUEL CONSUMPTION
dc.subjectGAS‐CONSUMPTION
dc.subjectGASOLINE PRICES
dc.subjectREGULAR GASOLINE
dc.subjectSULFUR
dc.subjectPOWER PRODUCERS
dc.subjectGASOLINE PRICE
dc.subjectPETROLEUM PRICE
dc.subjectBORDER TRADE
dc.subjectENERGY CONSUMPTION
dc.subjectPOWER GENERATION CAPACITY
dc.subjectTAX RATE
dc.subjectHEAT
dc.subjectFUEL TYPES
dc.subjectWHOLESALE PRICES
dc.subjectCOST OF GAS
dc.subjectUTILITIES
dc.subjectHEAT METERING
dc.subjectPOWER
dc.subjectGAS SUPPLY
dc.subjectGAS SUPPLIES
dc.subjectHEAVY FUEL OIL
dc.subjectELECTRICITY TARIFFS
dc.subjectCOAL‐MINING
dc.subjectOIL PRODUCERS
dc.subjectENERGY BILLS
dc.subjectDOMESTIC CRUDE OIL
dc.subjectUTILITY BILLS
dc.subjectRESIDUAL FUEL OIL
dc.subjectENERGY PRICES
dc.subjectHYDROCARBONS
dc.subjectTURBINES
dc.subjectTAX REVENUE
dc.subjectENERGY EFFICIENCY
dc.subjectELECTRICITY PRICES
dc.subjectDIESEL FUEL PRICES
dc.subjectCRUDE OIL PRICE
dc.subjectNATURAL GAS
dc.subjectTAX CREDITS
dc.subjectHEAT TARIFF
dc.subjectGAS INDUSTRY
dc.subjectPRICE OF GAS
dc.subjectFEEDSTOCK
dc.subjectOIL EXPORTERS
dc.subjectINVESTMENT
dc.subjectTRANSPORTATION FUELS
dc.subjectTARIFF
dc.subjectFUEL OIL
dc.subjectAVAILABILITY
dc.subjectRURAL ELECTRIFICATION
dc.subjectINVESTMENTS
dc.subjectETHANOL IN GASOLINE
dc.subjectCYCLE POWER GENERATION PLANT
dc.subjectHEAVY RELIANCE
dc.subjectRENEWABLE ENERGY
dc.subjectNATURAL GAS CONSUMPTION
dc.subjectPRICE OF GASOLINE
dc.subjectFOSSIL
dc.subjectGRID ELECTRICITY
dc.subjectPRICES
dc.subjectGAS EXPLORATION
dc.subjectENERGY
dc.titleFossil Fuel Subsidy and Pricing Policiesen
dc.title.subtitleRecent Developing Country Experienceen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleFossil Fuel Subsidy and Pricing Policies: Recent Developing Country Experience
okr.date.disclosure2016-01-11
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2016/01/25762644/fossil-fuel-subsidy-pricing-policies-recent-developing-country-experience
okr.guid424341467992781075
okr.identifier.doi10.1596/1813-9450-7531
okr.identifier.externaldocumentum090224b084045588_1_0
okr.identifier.internaldocumentum25762644
okr.identifier.reportWPS7531
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/T_MNA/2016/01/11/090224b084045588/1_0/Rendered/PDF/Fossil0fuel0su0g0country0experience.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryJordan
okr.region.countryMorocco
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.topicEnergy::Oil & Gas
okr.topicEnergy::Energy Consumption
okr.topicTransport::Transport Economics & Policy Planning
okr.unitEnergy and Extractives Global Practice Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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