Difference between revisions of "Fuel Prices Bolivia"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Bolivia
 
|Fuel Price Country=Bolivia
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|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$59 a barrel.
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Protests: The increases in Dec 2010 were completely reversed 5 days later following widespread protests, as was food subsidy reduction.
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Consequences of subsidies: Fuel subsidies have amounted to about 3% of GDP in recent years.
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Year 2005 2006 2007 2008 2009 2010 2011
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US$ billion 108 140 288 487 462 666 706
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% of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9
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Government newspaper Cambio.
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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."
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(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 Currency=BOB
 
|Fuel Price Exchange Rate=6.88
 
|Fuel Price Exchange Rate=6.88
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http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
 
http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
 
|Fuel Price Composition 2=GIZ_IFP2012_Bolivia2.png
 
|Fuel Price Composition 2=GIZ_IFP2012_Bolivia2.png
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|Fuel Pricing Policies=*Bolivia is net-importer of fossil fuels from Venezuela and Argentina
 
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*Fuels are sold subsidized
 
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*Prices are heavily regulated
 
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*Price gaps to neighbouring countries enforces smuggling
 
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*Low revenue for oil producers (27 USD per barrel) leads to underinvestment
 
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'''Agencies:'''
 
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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.
 
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Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
 
 
|Fuel Matrix Pricing Mechanism=1
 
|Fuel Matrix Pricing Mechanism=1
 
|Fuel Matrix Price Level=1
 
|Fuel Matrix Price Level=1
 
|Fuel Transparency Price Composition=1
 
|Fuel Transparency Price Composition=1
 
|Fuel Transparency Pricing Mechanism=1
 
|Fuel Transparency Pricing Mechanism=1
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Link=http://www.hidrocarburos.gob.bo/MHE2012/
 
|Fuel Price Factsheet Source Link=http://www.hidrocarburos.gob.bo/MHE2012/
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.bcb.gov.bo/
 
|Fuel Price Factsheet Source Link=http://www.bcb.gov.bo/
 
|Fuel Price Factsheet Source Annotation=Central Bank of Bolivia
 
|Fuel Price Factsheet Source Annotation=Central Bank of Bolivia
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.cbli.org.bo
 
|Fuel Price Factsheet Source Link=http://www.cbli.org.bo
 
|Fuel Price Factsheet Source Annotation=Bolivian Chamber of Hydrocarbons
 
|Fuel Price Factsheet Source Annotation=Bolivian Chamber of Hydrocarbons
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.bolivia-industry.com
 
|Fuel Price Factsheet Source Link=http://www.bolivia-industry.com
 
|Fuel Price Factsheet Source Annotation=National Chamber of Industry
 
|Fuel Price Factsheet Source Annotation=National Chamber of Industry
 
}}
 
}}
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[[Category:Bolivia]]

Latest revision as of 16:14, 15 July 2014

Part of: GIZ International Fuel Price database


Fuel Pricing Policies

Local Currency: BOB
Exchange Rate: 6.88


(2010/11/17)

Last Update:

"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.

Protests: The increases in Dec 2010 were completely reversed 5 days later following widespread protests, as was food subsidy reduction.

Consequences of subsidies: Fuel subsidies have amounted to about 3% of GDP in recent years. Year 2005 2006 2007 2008 2009 2010 2011 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 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.)

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



Fuel Price Composition

Price composition as of 2002/12/01.


GIZ IFP2012 Bolivia1.png
GIZ IFP2012 Bolivia2.png


Source: example to estimate %-values for each component

http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf pages 15-18

http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition 		Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
 IFPDB trafficlight red.png IFPDB trafficlight explanation.png IFPDB trafficlight red.png



Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.bolivia-industry.com (National Chamber of Industry)
Other Information http://www.bcb.gov.bo/ (Central Bank of Bolivia)
Other Information http://www.cbli.org.bo (Bolivian Chamber of Hydrocarbons)
Pump prices and margins http://www.hidrocarburos.gob.bo/MHE2012/


Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de
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