Issues in Domestic Petroleum Pricing in Oil-Producing Countries

Issues in Domestic Petroleum Pricing in Oil-Producing Countries
This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on average, in 1999. Moreover, the paper argues, these... READ MORE...

Publication date: August 2002
ISBN 9781451856132
$15.00

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