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
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|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 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.
 
−
 
−
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 Matrix Pricing Mechanism=2
 
|Fuel Matrix Pricing Mechanism=2
 
|Fuel Matrix Price Level=3.5
 
|Fuel Matrix Price Level=3.5
 
|Fuel Transparency Price Composition=3
 
|Fuel Transparency Price Composition=3
 
|Fuel Transparency Pricing Mechanism=3
 
|Fuel Transparency Pricing Mechanism=3
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Type=Pump prices and margins
 
|Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_content&task=view&id=96&Itemid=90
 
|Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_content&task=view&id=96&Itemid=90
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|Fuel Price Factsheet Source Type=Pricing Mechanism
 
|Fuel Price Factsheet Source Type=Pricing Mechanism
 
|Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_content&task=view&id=35&Itemid=49
 
|Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_content&task=view&id=35&Itemid=49
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}}
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}} {{Fuel Price Factsheet Source
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{{Fuel Price Factsheet Source
 
 
|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
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|Fuel Price Factsheet Source Annotation=A3
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{{Fuel Price Factsheet Source
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}} {{Fuel Price Factsheet Source
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Type=Other Information
 
|Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_content&task=view&id=76&Itemid=90
 
|Fuel Price Factsheet Source Link=http://www.are.cv/index.php?option=com_content&task=view&id=76&Itemid=90
 
}}
 
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[[Category:Cabo_Verde]]

Latest revision as of 11:00, 13 June 2018

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
in USD*

in Local Currency

* 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.


GIZ IFP2012 Cape Verde.png


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
Transparency of
Price Composition 		Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
 IFPDB trafficlight green.png IFPDB trafficlight explanation.png IFPDB trafficlight green.png



Sources to the Public

Type of Information Web-Link / Source
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

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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