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| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Bolivia | | |Fuel Price Country=Bolivia |
| − | |Fuel Currency=BOB
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| − | |Fuel Price Exchange Rate=6.88
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| − | |Fuel Price Exchange Rate Date=2010/11/17
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| − | |Fuel Price Composition=GIZ_IFP2012_Bolivia1.png
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| − | |Fuel Price Composition Date=2002/12/01
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| − | |Fuel Price Composition Annotation=Source: example to estimate %-values for each component
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| − |
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| − | http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf pages 15-18
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| − |
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| − | http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
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| − | |Fuel Price Composition 2=GIZ_IFP2012_Bolivia2.png
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| | |Fuel Pricing Policies=*Bolivia is net-importer of fossil fuels from Venezuela and Argentina | | |Fuel Pricing Policies=*Bolivia is net-importer of fossil fuels from Venezuela and Argentina |
| | *Fuels are sold subsidized | | *Fuels are sold subsidized |
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| | Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf | | Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf |
| | + | |
| | + | Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years. |
| | + | Year 2005 2006 2007 2008 2009 2010 2011 |
| | + | US$ billion 108 140 288 487 462 666 706 |
| | + | % of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9 |
| | + | |
| | + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) |
| | + | |Fuel Currency=BOB |
| | + | |Fuel Price Exchange Rate=6.88 |
| | + | |Fuel Price Exchange Rate Date=2010/11/17 |
| | + | |Fuel Price Composition=GIZ_IFP2012_Bolivia1.png |
| | + | |Fuel Price Composition Date=2002/12/01 |
| | + | |Fuel Price Composition Annotation=Source: example to estimate %-values for each component |
| | + | |
| | + | http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf pages 15-18 |
| | + | |
| | + | http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html |
| | + | |Fuel Price Composition 2=GIZ_IFP2012_Bolivia2.png |
| | |Fuel Matrix Pricing Mechanism=1 | | |Fuel Matrix Pricing Mechanism=1 |
| | |Fuel Matrix Price Level=1 | | |Fuel Matrix Price Level=1 |
Revision as of 10:36, 14 February 2013
Part of: GIZ International Fuel Price database
Fuel Pricing Policies
| Local Currency:
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BOB
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| Exchange Rate:
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6.88
(2010/11/17)
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| Last Update:
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- Bolivia is net-importer of fossil fuels from Venezuela and Argentina
- Fuels are sold subsidized
- Prices are heavily regulated
- Price gaps to neighbouring countries enforces smuggling
- Low revenue for oil producers (27 USD per barrel) leads to underinvestment
Agencies:
Ministry of Energy and Mines (MEM) and the Ministry of Finance: Publishes on its web site the variations in average prices to the public of oil products.
Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years.
Year 2005 2006 2007 2008 2009 2010 2011
US$ billion 108 140 288 487 462 666 706
% of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
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Gasoline 95 Octane |
Diesel |
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition as of 2002/12/01.
Source: example to estimate %-values for each component
http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf pages 15-18
http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
At a Glance
| Regulation-Price-Matrix
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Transparency of
Price Composition
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Transparency of Pricing
Mechanism / Monitoring
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
This is a living document. If you have any comments or suggestions, please feel free to contact us:
Armin.Wagner@giz.de
