Fuel Prices Lao P.D.R. - Revision history

Armin Wagner at 16:00, 25 March 2013

2013-03-25T16:00:01Z

Armin Wagner at 10:12, 25 February 2013

2013-02-25T10:12:44Z

Armin Wagner at 08:54, 20 February 2013

2013-02-20T08:54:30Z

Armin Wagner at 08:21, 20 February 2013

2013-02-20T08:21:47Z

Armin Wagner at 08:19, 20 February 2013

2013-02-20T08:19:50Z

Armin Wagner at 08:16, 20 February 2013

2013-02-20T08:16:36Z

Tai Becker: Protected "Fuel Prices Lao P.D.R." ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

2012-12-04T10:45:20Z

Protected "Fuel Prices Lao P.D.R." ([edit=sysop] (indefinite) [move=sysop] (indefinite)) [cascading]

Ingmar Schlecht: 1 revision

2012-12-02T17:35:16Z

1 revision

Tai Becker at 16:52, 14 November 2012

2012-11-14T16:52:11Z

New page

{{Fuel Price Factsheet
|Fuel Price Country=Lao PDR
|Fuel Currency=LAK
|Fuel Price Exchange Rate=7925
|Fuel Price Exchanre Rate Date=2010/11/17
|Fuel Price Last Updated=2011/05/01
|Fuel Price Composition Date=
|Fuel Price Composition Annotation=As stated in (see →App. A3), a fuel tax applies for on gasoline, while there is no taxation on Diesel.

Fuel prices differ by the actual transportation costs to the five provinces of Lao. Within a province, prices are to be homogenous (→App. A1 and A3)

No further information found on fuel price composition; hints welcome!
|Fuel Pricing Policies=Fuel prices are regulated by the Price Planning and Marketing Division of the Laos Ministry of Industry and Commerce (→App. A1).

According to several internet articles, prices are changed by the ministry approx. once per month on average. Prices are calculated separately for the five provinces of Lao, reflecting actual transportation costs. (→App. A1 and A2).

In early 2011, fuel prices rose to record levels. In April 2011, the Lao Government therefore considered ways to subsidize diesel in order to keep the inflation low (as prices of foods and goods depend more on diesel than on gasoline prices). According to an internet article (→App. A3), this subsidy might be paid through rising the tax on premium gasoline, leading to an even higher price difference between the two fuel types.

On the ministries website (http://www.moc.gov.la/), there is very out-dated information on fuel prices. Up-to-date information is missing entirely. Also information on the fuel pricing formula and the price composition are missing.
|Fuel Matrix Price Level=2
|Fuel Matrix Pricing Mechanism=2
|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.moc.gov.la/
|Fuel Price Factsheet Source Annotation=Information out-dated, as of May 2011
}}
{{Fuel Price Factsheet Source
|Fuel Price Factsheet Source Type=Other Information
|Fuel Price Factsheet Source Link=http://www.moc.gov.la/
}}

@@ Line 42: / Line 42: @@
 |Fuel Price Factsheet Source Link=http://laovoices.com/lao-government-reduces-fuel-prices/
 |Fuel Price Factsheet Source Annotation=A2
 }}

← Older revision		Revision as of 08:54, 20 February 2013
Line 8:		Line 8:


−	Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, and 15 times in 2011. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24) per liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011. The Lao State Fuel Company, which is government-owned, posts historical gasoline and diesel prices in the Capital and five provinces on its Web site dating back to 2000.	+	"Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, and 15 times in 2011. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24) per liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011. The Lao State Fuel Company, which is government-owned, posts historical gasoline and diesel prices in the Capital and five provinces on its Web site dating back to 2000."

	(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.)

← Older revision		Revision as of 08:21, 20 February 2013
Line 6:		Line 6:

	In early 2011, fuel prices rose to record levels. In April 2011, the Lao Government therefore considered ways to subsidize diesel in order to keep the inflation low (as prices of foods and goods depend more on diesel than on gasoline prices). According to an internet article (→App. A3), this subsidy might be paid through rising the tax on premium gasoline, leading to an even higher price difference between the two fuel types.		In early 2011, fuel prices rose to record levels. In April 2011, the Lao Government therefore considered ways to subsidize diesel in order to keep the inflation low (as prices of foods and goods depend more on diesel than on gasoline prices). According to an internet article (→App. A3), this subsidy might be paid through rising the tax on premium gasoline, leading to an even higher price difference between the two fuel types.
		+

	Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, and 15 times in 2011. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24) per liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011. The Lao State Fuel Company, which is government-owned, posts historical gasoline and diesel prices in the Capital and five provinces on its Web site dating back to 2000.		Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, and 15 times in 2011. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24) per liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011. The Lao State Fuel Company, which is government-owned, posts historical gasoline and diesel prices in the Capital and five provinces on its Web site dating back to 2000.

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Lao PDR
-|Fuel Pricing Policies=Fuel prices are regulated by the Price Planning and Marketing Division of the Laos Ministry of Industry and Commerce (→App. A1).
+|Fuel Pricing Policies="Pricing policy: Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, 15 times in 2011, and and 14 times in the first 10 months of 2012. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24)/liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011.
-According to several internet articles, prices are changed by the ministry approx. once per month on average. Prices are calculated separately for the five provinces of Lao, reflecting actual transportation costs. (→App. A1 and A2).
+Information: Lao State Fuel Company, which is government-owned, used to post historical gasoline and diesel prices in the capital and five provinces on its Web site dating back to 2000. As of Feb 2013, the oil price history page was shown as being under construction and only current prices in 16 provinces were shown."
 (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: @@
 In early 2011, fuel prices rose to record levels. In April 2011, the Lao Government therefore considered ways to subsidize diesel in order to keep the inflation low (as prices of foods and goods depend more on diesel than on gasoline prices). According to an internet article (→App. A3), this subsidy might be paid through rising the tax on premium gasoline, leading to an even higher price difference between the two fuel types.
-On the ministries website (http://www.moc.gov.la/), there is very out-dated information on fuel prices. Up-to-date information is missing entirely. Also information on the fuel pricing formula and the price composition are missing.
+Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, and 15 times in 2011. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24) per liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011. The Lao State Fuel Company, which is government-owned, posts historical gasoline and diesel prices in the Capital and five provinces on its Web site dating back to 2000.
 |Fuel Currency=LAK
 |Fuel Price Exchange Rate=7925

@@ Line 1: / Line 1: @@
 {{Fuel Price Factsheet
 |Fuel Price Country=Lao PDR
 |Fuel Currency=LAK
 |Fuel Price Exchange Rate=7925
 |Fuel Price Last Updated=2011/05/01
 |Fuel Price Composition Annotation=As stated in (see →App. A3), a fuel tax applies for on gasoline, while there is no taxation on Diesel.
@@ Line 11: / Line 16: @@
 No further information found on fuel price composition; hints welcome!
-|Fuel Pricing Policies=Fuel prices are regulated by the Price Planning and Marketing Division of the Laos Ministry of Industry and Commerce (→App. A1).
+|Fuel Matrix Pricing Mechanism=2
 |Fuel Matrix Price Level=2
 |Fuel Transparency Price Composition=1
 |Fuel Transparency Pricing Mechanism=1
@@ Line 31: / Line 29: @@
 |Fuel Price Factsheet Source Type=Other Information
 |Fuel Price Factsheet Source Link=http://www.moc.gov.la/
 }}