Issues in Domestic Petroleum Pricing in Oil-Producing Countries /

This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on average, i...

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Главный автор: Gupta, Sanjeev
Другие авторы: Clements, Benedict, Fletcher, Kevin, Inchauste, Gabriela
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2002.
Серии:IMF Working Papers; Working Paper ; No. 2002/140
Online-ссылка:Full text available on IMF
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245 1 0 |a Issues in Domestic Petroleum Pricing in Oil-Producing Countries /  |c Sanjeev Gupta, Benedict Clements, Kevin Fletcher, Gabriela Inchauste. 
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490 1 |a IMF Working Papers 
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520 3 |a This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on average, in 1999. Moreover, the paper argues, these petroleum subsidies are inefficient and inequitable-entailing substantial opportunity costs in terms of forgone revenue or productive spending-and also procyclical, complicating macroeconomic management. Nonetheless, the elimination of petroleum subsidies is often politically difficult, although countervailing measures and publicity campaigns can help engender support for reform. 
538 |a Mode of access: Internet 
700 1 |a Clements, Benedict. 
700 1 |a Fletcher, Kevin. 
700 1 |a Inchauste, Gabriela. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/140 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/140/001.2002.issue-140-en.xml  |z IMF e-Library