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For further information please contact:
Armin Wagner Tel: +49 6196 79-6467 Fax: +49 6196 79 80-6467 Email: [email protected] |
International Fuel PricesSince 2004, crude oil prices have repeatedly surged to all-time highs due to the rising demand in Asia and volatile situation in the Middle East. Accordingly, prices for transport, cooking and heating have increased in many countries, and have become an issue for public concern. The high price of crude oil and taxation on petroleum products also affect the national budget of many countries. On the one hand, numerous countries earn revenues through taxation on petroleum products, which can be used for financing transport and providing social services such as schools and healthcare. On the other hand, fuel subsidies can devour a huge amount of a country's financial resources. By providing extensive data on fuel taxation in developing countries since 1998, the Deutsche Gesellschaft für Technische Zusammenarbeit GmbH - German Technical Cooperation (GTZ) - has been helping to advance public discourse. Decision-makers in partner countries now have access to relevant information on pricing within a regional context and on the potentials of fuel taxation. International Fuel Prices 2005 contains the following information:
BackgroundDespite the relevance of energy prices for sustainable transport and energy policies, most developing countries do not have the pertinent information on fuel prices at their fingertips. This is mainly due to a lack of statistical data. To meet this need, the Deutsche Gesellschaft für Technische Zusammenarbeit GmbH - German Technical Cooperation (GTZ) - with its global network of projects in 135 countries, regional offices and representations in 64 developing countries, has decided to publish a comprehensive database for the global fuel sector. At the same time, this fuel price survey advocates reviewing the price policies and use of existing fuel energy, a prerequisite if new forms of energy are to be introduced. This publication is intended to serve as an initial impetus to encourage the competent ministries in developing countries to develop their own concepts on how to achieve sustainable medium and long-term fuel price policies. The survey is financed by the German Federal Ministry for Economic Cooperation and Development (BMZ) within the scope of the sector project “Transport Policy Advisory Services”. Downloads
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What's newThe Challenge of High Oil Prices - The ADB perspective
With hardly any let up in fuel price rises, many Asian governments now face increasing pressure on their budgets from rising subsidy bills. |