1 edition of Issues in domestic petroleum pricing in oil-producing countries found in the catalog.
Issues in domestic petroleum pricing in oil-producing countries
by International Monetary Fund, Fiscal Affairs Department in [Washington, D.C.]
Written in English
|Statement||Sanjeev Gupta ... [et al.].|
|Series||IMF working paper -- WP/02/140|
|Contributions||Gupta, Sanjeev., International Monetary Fund. Fiscal Affairs Dept.|
|The Physical Object|
|Pagination||31 p. :|
|Number of Pages||31|
In the short term, the Organization of Petroleum-Exporting Countries (OPEC) has significant influence on the price of oil. Over the long term, its ability to influence the price of oil is quite. Feb 22, · Western countries feeling the pinch of high oil prices shouldn’t blame OPEC, Saudi Arabia or any of the other alleged villains in the current energy crunch, says Sheikh Hisham Nazer, former.
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization, created at the Baghdad Conference on An oil pricing crises leads to a steep increase in the price of crude oil () History - s Oil Producing Countries. How Oil . A higher level of industrialization distinguishes Norway and Mexico from the OPEC exporters. Increased petroleum output has had a different impact on their economic development because high-absorber countries, which could adjust their expenditures to match revenues, have generally failed to do so.
exporting countries, security issues and several countries’ oil production policies have a huge impact on the price of crude oil and are thus closely watched by the international markets. For a long time much less attention, however, was given to the region’s domestic petroleum pricing . Jan 17, · You may, however, adopt certain lifestyle choices over long run that reduce your petroleum consumption. On a macro level, this means that there will always be stable short-term demand for petroleum irrespective of moderate fluctuations in price, but .
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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 percent of GDP, on average, in Designing Policies for Domestic Petroleum Pricing.
15 Issues in Domestic Petroleum Pricing in Oil-Producing Countries; 16 The Impact of Gasoline Price Subsidies on the Government and the National Oil Company; 17 Domestic Petroleum Price Smoothing in Developing and Transition Countries.
Jan 31, · Abstract. 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 percent of GDP, on average, in Cited by: Description: 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. Finally, the papers included in Part IV discuss domestic petroleum and energy-pricing issues.
Determining Fiscal Policy in Oil-Producing Countries Countries with large oil resources can benefit substantially from them, and the government has an important role to play in. 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.
Book, Internet Resource: All Authors / Contributors: and Bert van Selm --Hedging government oil price risk / James A. Daniel --Issues in domestic petroleum pricing in oil-producing countries / Sanjeev and Bert van Selm -- Hedging government oil price risk / James A.
Daniel -- Issues in domestic petroleum pricing in oil-producing. “Issues in Domestic Petroleum Pricing in Oil-Producing Countries” (with B. Clements, K. Fletcher, and G. Inchauste), in Fiscal Policy Formulation and Implementation in Oil Producing Countries, edited by J.
Davis, R. Ossowsky, and A. Fedelino, IMF (revised IMF Working Paper 02/, August ). Both domestic political instability in oil producing countries and conflicts with other countries can destabilise the oil price. In the New York Times reported, for example, in the s the price of oil was about $17 rising to just over $20 during the Korean War (–).
Petroleum - Petroleum - Major oil-producing countries: As mentioned above, petroleum resources are not distributed evenly around the world.
Indeed, according to estimates published for by the U.S. Department of Energy, as few as 15 countries account for more than 75 percent of the world’s oil production and hold roughly 93 percent of its reserves.
Significantly, those countries are. Jan 24, · Fossil fuel subsidies generate a pricing scheme that deviates from efficient pricing, leading to a dead-weight welfare loss. This occurs when the government’s lost revenue from subsidizing domestic consumption (instead of exporting) is greater than the increase in domestic consumers’ surplus.
Downloadable. 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.
The main finding of the paper is the limited price pass-through in many countries and the consequent increase in fuel subsidies.
Gabriela Inchauste currently works at the Poverty and Equity Global Practice, World Bank. Her research focuses on the distributional impact of fiscal policy, ex-ante analysis of the distributional.
Petroleum (/ p ə ˈ t r oʊ l i ə m /) is a naturally occurring, yellowish-black liquid found in geological formations beneath the Earth's surface. It is commonly refined into various types of bextselfreset.coments of petroleum are separated using a technique called fractional distillation, i.e.
separation of a liquid mixture into fractions differing in boiling point by means of distillation. Aug 03, · The Petroleum Commission under section 3(f) of the Petroleum Commission Act is tasked with the responsibility to ‘promote local content and local participation in petroleum activities as prescribed in the Petroleum Exploration and Production Act (P.N.D.C.L.
84) and other applicable laws and regulations to strengthen national development’.Cited by: 8. Petroleum policy issues in developing countries Alexander G. Kemp Petroleum is of vital importance to most de- the appropriate treatment of the fiscal revenues has veloping countries either in their capacity as also to be determined.
producers or bextselfreset.com by: 8. Jan 22, · (Gupta, Sanjeev, Benedict Clements, Kevin Fletcher and Gabriela Inchauste,“Issues in Domestic Petroleum Pricing in Oil Producing Countries”, IMF Working Paper 02/, Washington: International Monetary Fund). Sanjeev Gupta is the Deputy Director in the Fiscal Affairs Department of the IMF.
Issues in Domestic Petroleum Pricing in Oil-Producing Countries - Issues in Domestic Petroleum Pricing in Oil-Producing Countries Sanjeev Gupta IMF January 27, Computation of book profits by Ind AS compliant companies for levy of MAT - The provisions of Section JB provide for levy of MAT on basis of "book profits".
EI Sourcebook - Providing developing nations with technical understanding and practical options around oil, gas and mining sector development Davis et al - Fiscal Challenges in Oil Producing Countries: An Overview.
Part IV concludes with pricing and subsidy issues relating to domestic petroleum. Throughout the book offers. Petroleum Product Pricing and Complementary Policies: Experience of 65 Developing Countries Since countries reviewed in this paper have progressed slowly or even reversed course in reforming pricing of petroleum products.
End-user prices in July varied by two orders of magnitude across the countries. Petroleum Product Pricing. Read Also: Top 10 Highest Oil Producing Countries in Africa. one of the greatest challenges facing Nigeria is the pricing of petroleum products.
Speaking at a special session at the ongoing Nigeria International Petroleum Summit (NIPS) in Abuja, Kachikwu said that unless the problem of appropriate petrol and gas pricing was addressed Author: Idris Quadri.The subject of petroleum products pricing has always been a contentious one.
Ghana like all developing countries is always faced with the problem of a pricing scheme that will be acceptable to the population but which will not also cripple the economy. This notion .Oct 16, · Jacqui Brookes, in Information Sources in Energy Technology, Organization of Petroleum Exporting Countries (OPEC) The Organization of Petroleum Exporting Countries is a permanent inter-governmental organization for 13 oil-producing countries in the Middle East, Africa and South America, and Indonesia.