{
  "title": "Domestic Petroleum Product Prices and Subsidies: Recent Developments and Reform Strategies",
  "publication": "IMF Working Papers, March 1, 2007",
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  "summary": "The paper reviews recent developments in the pass-through of international to domestic petroleum product prices, in the different fuel pricing regimes, and in fuel subsidies in a range of emerging market and developing economies.",
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      "heading": "Main findings",
      "content": "- Reviews recent developments in the pass-through of international to domestic petroleum product prices, in different fuel pricing regimes, and in fuel subsidies in a range of emerging market and developing economies.\n- Main finding: the limited price pass-through in many countries and the consequent increase in fuel subsidies.\n- Emphasizes the role of pricing regimes and policy settings in shaping domestic price responses to international oil price movements."
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      "heading": "Policy recommendations and elements of a successful subsidy-containment strategy",
      "content": "- Make subsidies explicit.\n- Make pricing mechanisms more robust.\n- Combine reductions in subsidies with measures to protect the poorest.\n- Use the resulting savings well.\n- Ensure transparency and consultation."
    },
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      "content": "- Subject: Commodities, Energy subsidies, Expenditure, Fuel prices, Inflation, Oil, Oil prices, Prices\n- Keywords include: administered import price; Africa; country; Energy subsidies; fiscal policy; fuel price; Fuel prices; gasoline price; gasoline pricing mechanisms price; government; Inflation; kerosene price; liberalized price regime; Oil; oil price pass-through; Oil prices; petroleum; petroleum product price; price; price liberalization; price pass-through; price signal; price stabilization scheme; refinery price; subsidies; WP\n\n---\n\n Content in this bundle\n\n- wp0771\n  - wp0771 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp0771 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/domestic-petroleum-product-prices-and-subsidies-recent-developments-and-reform-strategies-20608"
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    "Authors: David Coady, Taimur Baig, Joseph Ntamatungiro, Amine Mati",
    "Published: March 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451866353.001",
    "Reviews recent developments in the pass-through of international to domestic petroleum product prices, in different fuel pricing regimes, and in fuel subsidies in a range of emerging market and developing economies.",
    "Main finding: the limited price pass-through in many countries and the consequent increase in fuel subsidies.",
    "Emphasizes the role of pricing regimes and policy settings in shaping domestic price responses to international oil price movements.",
    "Make subsidies explicit.",
    "Make pricing mechanisms more robust.",
    "Combine reductions in subsidies with measures to protect the poorest.",
    "Use the resulting savings well.",
    "Ensure transparency and consultation.",
    "Subject: Commodities, Energy subsidies, Expenditure, Fuel prices, Inflation, Oil, Oil prices, Prices",
    "Keywords include: administered import price; Africa; country; Energy subsidies; fiscal policy; fuel price; Fuel prices; gasoline price; gasoline pricing mechanisms price; government; Inflation; kerosene price; liberalized price regime; Oil; oil price pass-through; Oil prices; petroleum; petroleum product price; price; price liberalization; price pass-through; price signal; price stabilization scheme; refinery price; subsidies; WP",
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