Difference between revisions of "Fuel Prices Cabo Verde"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Cape Verde | |Fuel Price Country=Cape Verde | ||
+ | |Fuel Pricing Policies=The „Agência de Regulação Económica“ (ARE) is in charge of setting maximum fuel prices in Cape Verde. These maximum prices a revised several times a year, usually bi-monthly. Maximum prices are homogenous across the country. Only SHELL and ENACOL are taking part in the petrol market (→App. A2). Those companies are liberal in setting their prices, however having the regulated maximum prices as an upper bound. | ||
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+ | Prices include a considerable VAT for gasoline (45% of import price), while there is only 18% VAT on import price for diesel. Also, a small road maintenance fee is included in both prices, see above. | ||
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+ | On their website, ARE publishes a lot of information about fuel prices and fuel pricing, including a document explaining the pricing formula for petroleum products (→Appendix A1). The document states, that costs for storage, shipping and handling/logistics are estimated using 2007/2008 balance sheets of oil companies that are operating in Cape Verde (→Appendix A2). “Additional Costs” also include some duty for recovering the deficit that accumulated in 2007 and 2008. (Seemingly, fuels were subsidized at that time.) | ||
|Fuel Currency=CVE | |Fuel Currency=CVE | ||
|Fuel Price Exchange Rate=81.701 | |Fuel Price Exchange Rate=81.701 | ||
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*“Other Taxes” seem to be constantly at 7 CVE; includes a road maintenance fee | *“Other Taxes” seem to be constantly at 7 CVE; includes a road maintenance fee | ||
*“Total Costs and Margins” include those of wholesalers and of retailers (no further information available) | *“Total Costs and Margins” include those of wholesalers and of retailers (no further information available) | ||
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|Fuel Matrix Pricing Mechanism=2 | |Fuel Matrix Pricing Mechanism=2 | ||
|Fuel Matrix Price Level=3.5 | |Fuel Matrix Price Level=3.5 | ||
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|Fuel Price Factsheet Source Type=Price Composition | |Fuel Price Factsheet Source Type=Price Composition | ||
|Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_docman&task=cat_view&gid=41&Itemid=99999999 | |Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_docman&task=cat_view&gid=41&Itemid=99999999 | ||
+ | |Fuel Price Factsheet Source Annotation=A3 | ||
}} | }} | ||
{{Fuel Price Factsheet Source | {{Fuel Price Factsheet Source |
Revision as of 08:40, 25 February 2013
Part of: GIZ International Fuel Price database
Fuel Pricing Policies
Local Currency: | CVE |
Exchange Rate: | 81.701
|
Last Update: |
The „Agência de Regulação Económica“ (ARE) is in charge of setting maximum fuel prices in Cape Verde. These maximum prices a revised several times a year, usually bi-monthly. Maximum prices are homogenous across the country. Only SHELL and ENACOL are taking part in the petrol market (→App. A2). Those companies are liberal in setting their prices, however having the regulated maximum prices as an upper bound.
Prices include a considerable VAT for gasoline (45% of import price), while there is only 18% VAT on import price for diesel. Also, a small road maintenance fee is included in both prices, see above.
On their website, ARE publishes a lot of information about fuel prices and fuel pricing, including a document explaining the pricing formula for petroleum products (→Appendix A1). The document states, that costs for storage, shipping and handling/logistics are estimated using 2007/2008 balance sheets of oil companies that are operating in Cape Verde (→Appendix A2). “Additional Costs” also include some duty for recovering the deficit that accumulated in 2007 and 2008. (Seemingly, fuels were subsidized at that time.)
Fuel Prices and Trends
Gasoline 95 Octane | Diesel | |
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in USD* |
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in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2009/01/21.
Source:http://www.are.cv/index.php?option=com_docman&task=cat_view&gid=41&Itemid=99999999
- VAT for Diesel is only 18% (equals ~18 US Cents)
- “Other Taxes” seem to be constantly at 7 CVE; includes a road maintenance fee
- “Total Costs and Margins” include those of wholesalers and of retailers (no further information available)
At a Glance
Regulation-Price-Matrix |
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Sources to the Public
Type of Information | Web-Link / Source |
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Other Information | http://www.are.cv/index.php?option=com_content&task=view&id=76&Itemid=90 |
Price Composition | http://www.are.cv/index.php?option=com_docman&task=cat_view&gid=41&Itemid=99999999 (A3) |
Pricing Mechanism | http://www.are.cv/index.php?option=com_content&task=view&id=35&Itemid=49 |
Pump prices and margins | http://www.are.cv/index.php?option=com_content&task=view&id=96&Itemid=90 |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices