Issues in Domestic Petroleum Pricing in OilProducing石油生产中石油定价问题.pptVIP

Issues in Domestic Petroleum Pricing in Oil-Producing Countries Sanjeev Gupta IMF January 27, 2004 Introduction: Why study domestic petroleum prices? Many oil-producing countries keep domestic prices below free market levels Net oil importers in some cases do not fully reflect international prices. The resulting subsidies can be large and are nontransparent Few studies have quantified these subsidies for a wide range of countries and examined their economic effects Subsidy Estimates: Methodology Subsidies can be broadly defined as the difference between the reduced price of a good with govern