Fuel Prices Bolivia - Revision history

Ranisha at 16:14, 15 July 2014

2014-07-15T16:14:39Z

Armin Wagner at 12:54, 12 March 2013

2013-03-12T12:54:25Z

Armin Wagner at 10:37, 18 February 2013

2013-02-18T10:37:37Z

Armin Wagner at 10:40, 14 February 2013

2013-02-14T10:40:45Z

Armin Wagner at 10:36, 14 February 2013

2013-02-14T10:36:05Z

Tai Becker at 14:28, 10 December 2012

2012-12-10T14:28:23Z

Tai Becker at 13:41, 10 December 2012

2012-12-10T13:41:18Z

Tai Becker at 13:40, 10 December 2012

2012-12-10T13:40:38Z

Tai Becker at 13:39, 10 December 2012

2012-12-10T13:39:05Z

Tai Becker at 13:37, 10 December 2012

2012-12-10T13:37:32Z

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Bolivia
@@ Line 6: / Line 7: @@
 Consequences of subsidies: Fuel subsidies have amounted to about 3% of GDP in recent years.
-Year	2005	2006	2007	2008	2009	2010	2011
+Year 2005 2006 2007 2008 2009 2010 2011
-US$ billion	108	140	288	487	462	666	706
+US$ billion 108 140 288 487 462 666 706
-% of GDP	1.1	1.2	2.2	2.9	2.7	3.4	2.9
+% of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9
 Government newspaper Cambio.
 Information: Government posts current fuel prices on its Web site. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished."
-(Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
+(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 |Fuel Currency=BOB
 |Fuel Price Exchange Rate=6.88
@@ Line 29: / Line 30: @@
 |Fuel Transparency Price Composition=1
 |Fuel Transparency Pricing Mechanism=1
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Pump prices and margins
 |Fuel Price Factsheet Source Link=http://www.hidrocarburos.gob.bo/MHE2012/
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.bcb.gov.bo/
 |Fuel Price Factsheet Source Annotation=Central Bank of Bolivia
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.cbli.org.bo
 |Fuel Price Factsheet Source Annotation=Bolivian Chamber of Hydrocarbons
-}}
+}} {{Fuel Price Factsheet Source
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.bolivia-industry.com
 |Fuel Price Factsheet Source Annotation=National Chamber of Industry
 }}

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Bolivia
-|Fuel Pricing Policies=*Bolivia is net-importer of fossil fuels from Venezuela and Argentina
+|Fuel Pricing Policies="Pricing policy: Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl. Concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, as part of a broader subsidy reform, government increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices were raised by 35%. Government was also to raise the fee paid to oil producers from US$27 to US$59 a barrel.
-*Fuels are sold subsidized
-*Prices are heavily regulated
+Protests: The increases in Dec 2010 were completely reversed 5 days later following widespread protests, as was food subsidy reduction.
-"Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years."
+Consequences of subsidies: Fuel subsidies have amounted to about 3% of GDP in recent years.
 (Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)

@@ Line 7: / Line 7: @@
 *Low revenue for oil producers (27 USD per barrel) leads to underinvestment
-'''Agencies:'''
+"Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years."
-Ministry of Energy and Mines (MEM) and the Ministry of Finance: Publishes on its web site the variations in average prices to the public of oil products.
+(Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 |Fuel Currency=BOB
 |Fuel Price Exchange Rate=6.88

@@ Line 13: / Line 13: @@
 Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
-Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years.
+Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years. (Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 |Fuel Currency=BOB
 |Fuel Price Exchange Rate=6.88

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Bolivia
 |Fuel Currency=BOB
 |Fuel Price Exchange Rate=6.88
@@ Line 12: / Line 30: @@
 http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
 |Fuel Price Composition 2=GIZ_IFP2012_Bolivia2.png
 |Fuel Matrix Pricing Mechanism=1
 |Fuel Matrix Price Level=1

@@ Line 5: / Line 5: @@
 |Fuel Price Exchange Rate Date=2010/11/17
 |Fuel Price Composition=GIZ_IFP2012_Bolivia1.png
-|Fuel Price Composition Date=2002/01/01
+|Fuel Price Composition Date=2002/12/01
 |Fuel Price Composition Annotation=Source: example to estimate %-values for each component