|
|
| (One intermediate revision by one user not shown) |
| Line 1: |
Line 1: |
| | + | |
| | {{Fuel Price Factsheet | | {{Fuel Price Factsheet |
| | |Fuel Price Country=Bolivia | | |Fuel Price Country=Bolivia |
| − | |Fuel Pricing Policies=*Bolivia is net-importer of fossil fuels from Venezuela and Argentina | + | |Fuel Pricing Policies="Pricing policy: 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, as part of a broader subsidy reform, government increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices were raised by 35%. Government was also to raise the fee paid to oil producers from US$27 to US$59 a barrel. |
| − | *Fuels are sold subsidized
| + | |
| − | *Prices are heavily regulated
| + | Protests: The increases in Dec 2010 were completely reversed 5 days later following widespread protests, as was food subsidy reduction. |
| − | *Price gaps to neighbouring countries enforces smuggling
| + | |
| − | *Low revenue for oil producers (27 USD per barrel) leads to underinvestment
| + | |
| | | | |
| − | "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$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years."
| + | Consequences of subsidies: Fuel subsidies have amounted to about 3% of GDP in recent years. |
| | + | Year 2005 2006 2007 2008 2009 2010 2011 |
| | + | US$ billion 108 140 288 487 462 666 706 |
| | + | % of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9 |
| | + | Government newspaper Cambio. |
| | | | |
| − | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | + | Information: Government posts current fuel prices on its Web site. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished." |
| | + | |
| | + | (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 Currency=BOB |
| | |Fuel Price Exchange Rate=6.88 | | |Fuel Price Exchange Rate=6.88 |
| Line 25: |
Line 30: |
| | |Fuel Transparency Price Composition=1 | | |Fuel Transparency Price Composition=1 |
| | |Fuel Transparency Pricing Mechanism=1 | | |Fuel Transparency Pricing Mechanism=1 |
| − | }} | + | }} {{Fuel Price Factsheet Source |
| − | {{Fuel Price Factsheet Source | + | |
| | |Fuel Price Factsheet Source Type=Pump prices and margins | | |Fuel Price Factsheet Source Type=Pump prices and margins |
| | |Fuel Price Factsheet Source Link=http://www.hidrocarburos.gob.bo/MHE2012/ | | |Fuel Price Factsheet Source Link=http://www.hidrocarburos.gob.bo/MHE2012/ |
| − | }} | + | }} {{Fuel Price Factsheet Source |
| − | {{Fuel Price Factsheet Source | + | |
| | |Fuel Price Factsheet Source Type=Other Information | | |Fuel Price Factsheet Source Type=Other Information |
| | |Fuel Price Factsheet Source Link=http://www.bcb.gov.bo/ | | |Fuel Price Factsheet Source Link=http://www.bcb.gov.bo/ |
| | |Fuel Price Factsheet Source Annotation=Central Bank of Bolivia | | |Fuel Price Factsheet Source Annotation=Central Bank of Bolivia |
| − | }} | + | }} {{Fuel Price Factsheet Source |
| − | {{Fuel Price Factsheet Source | + | |
| | |Fuel Price Factsheet Source Type=Other Information | | |Fuel Price Factsheet Source Type=Other Information |
| | |Fuel Price Factsheet Source Link=http://www.cbli.org.bo | | |Fuel Price Factsheet Source Link=http://www.cbli.org.bo |
| | |Fuel Price Factsheet Source Annotation=Bolivian Chamber of Hydrocarbons | | |Fuel Price Factsheet Source Annotation=Bolivian Chamber of Hydrocarbons |
| − | }} | + | }} {{Fuel Price Factsheet Source |
| − | {{Fuel Price Factsheet Source | + | |
| | |Fuel Price Factsheet Source Type=Other Information | | |Fuel Price Factsheet Source Type=Other Information |
| | |Fuel Price Factsheet Source Link=http://www.bolivia-industry.com | | |Fuel Price Factsheet Source Link=http://www.bolivia-industry.com |
| | |Fuel Price Factsheet Source Annotation=National Chamber of Industry | | |Fuel Price Factsheet Source Annotation=National Chamber of Industry |
| | }} | | }} |
| | + | |
| | + | [[Category:Bolivia]] |
"Pricing policy: 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, as part of a broader subsidy reform, government increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices were raised by 35%. Government was also to raise the fee paid to oil producers from US$27 to US$59 a barrel.
Protests: The increases in Dec 2010 were completely reversed 5 days later following widespread protests, as was food subsidy reduction.
Consequences of subsidies: Fuel subsidies have amounted to about 3% of GDP in recent years.
Year 2005 2006 2007 2008 2009 2010 2011
US$ billion 108 140 288 487 462 666 706
% of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9
Government newspaper Cambio.
Information: Government posts current fuel prices on its Web site. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
