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. The paper proposes that key elements of a successful strategy to contain subsidies should comprise: makingsubsidies explicit; making pricing mechanisms more robust; combining reductions in subsidies with measures to protect the poorest; using the resulting savings well, and transparency and consultation.
|Keywords:||dežele v razvoju, energetika, nafta, oblikovanje cene, fiskalna politika, strategija, reforme, developing countries, energetics, oil, pricing, fiscal policy, strategy, reforms|
|Work type:||Statistics (i)|
|Organization:||EF - Faculty of Economics|
|Publisher:||International Monetary Fund|
|Number of pages:||24 str.|
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