Difference between revisions of "Fuel Prices Brunei Darussalam"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Brunei
 
|Fuel Price Country=Brunei
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|Fuel Pricing Policies=Fuel Prices are regulated by the government. Official information regarding fuel pricing are not available on governments websites.
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Brunei motor fuel prices are the lowest in South East Asia. Although the price of crude oil as benchmark increased over the last 10 years, pump prices in Brunei de facto remained identically. The total subsidy increased from 50 Million BND in 2004 to 202 Million BND in 2007 (→App.A2).
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In 2008, the Brunei Government decided to increase fuel prices for foreign customers (mostly coming from the surrounding Malaysia) to the Commercial Price level (=non-subsidized price, see 2.). The motivation was to reduce the overall subsidies and, in particular, to stop subsidizing the Malayan „fuel-tourism“ that was induced by rising fuel prices in Malaysia in 2008.
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On „Energy Day“, May 24th 2010, the Brunei government forced all pump stations to sell fuel at the unsubsidized „Commercial Price“ (for just that day). This initiative was done to give Brunei citizens an impression, of how costly fuel is.
 
|Fuel Currency=BND
 
|Fuel Currency=BND
 
|Fuel Price Exchange Rate=1.283
 
|Fuel Price Exchange Rate=1.283
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|Fuel Price Exchanre Rate Date=2010/11/17
 
 
|Fuel Price Last Updated=2011/05/01
 
|Fuel Price Last Updated=2011/05/01
 
|Fuel Price Composition=GIZ_IFP2012_Brunei.png
 
|Fuel Price Composition=GIZ_IFP2012_Brunei.png
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|Fuel Price Composition Date=2010/05/01
 
|Fuel Price Composition Date=2010/05/01
 
|Fuel Price Composition Annotation=„Commercial Price“ includes costs and margins for buying, importing and retailing gasoline.  
 
|Fuel Price Composition Annotation=„Commercial Price“ includes costs and margins for buying, importing and retailing gasoline.  
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The subsidy for diesel is even higher: 0.91 BND commercial price at 0-31 BND subsidized price.
 
The subsidy for diesel is even higher: 0.91 BND commercial price at 0-31 BND subsidized price.
  
 
Source: Brunei „Energy Day 2010“, May 24th (→App. A1 and A3).
 
Source: Brunei „Energy Day 2010“, May 24th (→App. A1 and A3).
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|Fuel Pricing Policies=Fuel Prices are regulated by the government. Official information regarding fuel pricing are not available on governments websites.
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|Fuel Matrix Pricing Mechanism=1
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Brunei motor fuel prices are the lowest in South East Asia. Although the price of crude oil as benchmark increased over the last 10 years, pump prices in Brunei de facto remained identically. The total subsidy increased from 50 Million BND in 2004 to 202 Million BND in 2007 (→App.A2).
 
−
 
 
−
In 2008, the Brunei Government decided to increase fuel prices for foreign customers (mostly coming from the surrounding Malaysia) to the Commercial Price level (=non-subsidized  price, see 2.). The motivation was to reduce the overall subsidies and, in particular, to stop subsidizing the Malayan „fuel-tourism“ that was induced by rising fuel prices in Malaysia in 2008.
 
−
 
 
−
On „Energy Day“, May 24th 2010, the Brunei government forced all pump stations to sell fuel at the unsubsidized „Commercial Price“ (for just that day). This initiative was done to give Brunei citizens an impression, of how costly fuel is.
 
 
|Fuel Matrix Price Level=1
 
|Fuel Matrix Price Level=1
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|Fuel Matrix Pricing Mechanism=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=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.petroleum-unit.gov.bn/oil_gas.htm
 
|Fuel Price Factsheet Source Link=http://www.petroleum-unit.gov.bn/oil_gas.htm
 
|Fuel Price Factsheet Source Annotation=Information on crude oil exports
 
|Fuel Price Factsheet Source Annotation=Information on crude oil exports
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}} {{Fuel Price Factsheet Source
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|Fuel Price Factsheet Source Type=Other Information
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|Fuel Price Factsheet Source Link=http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115
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|Fuel Price Factsheet Source Annotation=A1, A3
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}} {{Fuel Price Factsheet Source
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|Fuel Price Factsheet Source Type=Other Information
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|Fuel Price Factsheet Source Link=http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115
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|Fuel Price Factsheet Source Annotation=A2
 
}}
 
}}
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[[Category:Brunei_Darussalam]]

Latest revision as of 16:12, 13 June 2018

Part of: GIZ International Fuel Price database


Fuel Pricing Policies

Local Currency: BND
Exchange Rate: 1.283


Last Update: 2011/05/01

Fuel Prices are regulated by the government. Official information regarding fuel pricing are not available on governments websites.

Brunei motor fuel prices are the lowest in South East Asia. Although the price of crude oil as benchmark increased over the last 10 years, pump prices in Brunei de facto remained identically. The total subsidy increased from 50 Million BND in 2004 to 202 Million BND in 2007 (→App.A2).

In 2008, the Brunei Government decided to increase fuel prices for foreign customers (mostly coming from the surrounding Malaysia) to the Commercial Price level (=non-subsidized price, see 2.). The motivation was to reduce the overall subsidies and, in particular, to stop subsidizing the Malayan „fuel-tourism“ that was induced by rising fuel prices in Malaysia in 2008.

On „Energy Day“, May 24th 2010, the Brunei government forced all pump stations to sell fuel at the unsubsidized „Commercial Price“ (for just that day). This initiative was done to give Brunei citizens an impression, of how costly fuel is.

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 for one litre of Gasoline 92 Octane as of 2010/05/01.


GIZ IFP2012 Brunei.png


„Commercial Price“ includes costs and margins for buying, importing and retailing gasoline. The subsidy for diesel is even higher: 0.91 BND commercial price at 0-31 BND subsidized price.

Source: Brunei „Energy Day 2010“, May 24th (→App. A1 and A3).



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.petroleum-unit.gov.bn/oil_gas.htm (Information on crude oil exports)
Other Information http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115 (A1, A3)
Other Information http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115 (A2)


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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