IMF Working Papers

Taxation of Petroleum Products: Theory and Empirical Evidence

By Poonam Gupta, Walter Mahler

March 1, 1994

Preview Citation

Format: Chicago

Poonam Gupta, and Walter Mahler. Taxation of Petroleum Products: Theory and Empirical Evidence, (USA: International Monetary Fund, 1994) accessed November 8, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.

Subject: Average effective tax rate, Commodities, Gasoline, Oil, Oil prices, Oil, gas and mining taxes, Prices, Tax policy, Taxes

Keywords: Ad valorem tax tax rate, Africa, Average effective tax rate, Before-tax price, Eastern Europe, Gas and mining taxes, Gasoline, Industry price, Kerosene price, Middle East, Oil, Oil price increase, Oil prices, Petroleum price, Petroleum price development, Petroleum product price, Petroleum products, Pollution cost, Premium gasoline price, Prices of petroleum products, Sales tax, U.S. dollar, U.S. highway cost allocation study, Western Hemisphere, WP

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1994/032

  • Stock No:

    WPIEA0321994

  • ISBN:

    9781451979756

  • ISSN:

    1018-5941

Notes

Presents petroleum tax rate data in 120 countries.

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