Fuel Prices Cote d'Ivoire

From energypedia
Revision as of 13:49, 15 February 2013 by ***** (***** | *****)

Part of: GIZ International Fuel Price database


Fuel Pricing Policies

Local Currency: FCFA
Exchange Rate: 472.9


(2010/11/17)

Last Update:

No official information regarding fuel prices could be found on the governments web pages. The “Ministere des Mines et de l’Energie” appears to be responsible for the regulation and supervision of the fuel market. However, no information could be found on their web page, as the “Hydrocarbure” section appears to be offline.

An internet article (→Annex A1) states, that there exists an automatic fuel price formula, which was installed on recommendation of the World Bank.

According to several articles, prices seem to change a couple of times each year.

In April of 2010, a strike of mainly taxi and bus drivers forced the government to reduce the price of Diesel. This reduction was probably not compliant with the pricing formula. However, the price for gasoline remained unchanged, as the majority of the striking interest groups uses diesel only (→Annex A2).


Fuel prices are subject to ceilings, uniform throughout the country for gasoline, diesel, and kerosene. In Mar 2008, sharp increases in food and fuel prices sparked riots, injuring more than a dozen people. LPG prices have been frozen since 2008, and other fuel prices since April 2010. LPG prices set by the government are meant to be maximum prices, but often they represent minimum prices on the market. The Ministry of Commerce posts minimum and maximum prices of essential food and other items, including, gasoline, kerosene, diesel, and LPG, by location several times a month. For LPG, the government price is the minimum observed on the market, and actual prices have been up to 39% higher.(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.



No information available.



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


No information regarding fuel prices could be found on the ministries/governments website.


Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.energie.gouv.ci/ (Ministry of Mines and Energy)
Other Information http://fr.allafrica.com/stories/200907080306.html (Annex A1)


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