Difference between revisions of "Fuel Prices Senegal"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Senegal | |Fuel Price Country=Senegal | ||
| + | |Fuel Pricing Policies=The «Comité national des hydrocarbures» (CNH) regulates fuel prices in Senegal. Their internet website appears to be offline as of April 2011. | ||
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| + | According to an internet article (App. A1), the Senegalese government freezed fuel prices in March 2011. Facing rising import costs, this implicated lower VAT revenues. | ||
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| + | "The National Committee for Hydrocarbons regulates prices based on an import-parity formula and reviews them every four weeks. Fuel price subsidies have incurred budgetary expenditures every year except 2010. There is no specific tax on kerosene, leading to a large price difference between kerosene and diesel. Government in Feb 2012 decided to reduce fuel taxes at an estimated cost of CFAF35 billion (0.5% of GDP)." (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
|Fuel Currency=FCFA | |Fuel Currency=FCFA | ||
|Fuel Price Exchange Rate=472.9 | |Fuel Price Exchange Rate=472.9 | ||
|Fuel Price Exchange Rate Date=2010/11/17 | |Fuel Price Exchange Rate Date=2010/11/17 | ||
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| − | |||
|Fuel Price Composition Annotation=According to an internet article (App. A1), there is a VAT on fuels in Senegal. No official information could be found. | |Fuel Price Composition Annotation=According to an internet article (App. A1), there is a VAT on fuels in Senegal. No official information could be found. | ||
| − | |Fuel Pricing | + | |Fuel Matrix Pricing Mechanism=2 |
| − | |||
| − | |||
|Fuel Matrix Price Level=3.5 | |Fuel Matrix Price Level=3.5 | ||
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|Fuel Matrix Annotation=CNH website appears to be offline as of April 2011. | |Fuel Matrix Annotation=CNH website appears to be offline as of April 2011. | ||
|Fuel Transparency Price Composition=1 | |Fuel Transparency Price Composition=1 | ||
Revision as of 15:32, 13 February 2013
Part of: GIZ International Fuel Price database
Also see: Senegal Energy Situation
Fuel Pricing Policies
| Local Currency: | FCFA |
| Exchange Rate: | 472.9
|
| Last Update: |
The «Comité national des hydrocarbures» (CNH) regulates fuel prices in Senegal. Their internet website appears to be offline as of April 2011.
According to an internet article (App. A1), the Senegalese government freezed fuel prices in March 2011. Facing rising import costs, this implicated lower VAT revenues.
"The National Committee for Hydrocarbons regulates prices based on an import-parity formula and reviews them every four weeks. Fuel price subsidies have incurred budgetary expenditures every year except 2010. There is no specific tax on kerosene, leading to a large price difference between kerosene and diesel. Government in Feb 2012 decided to reduce fuel taxes at an estimated cost of CFAF35 billion (0.5% of GDP)." (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* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
According to an internet article (App. A1), there is a VAT on fuels in Senegal. No official information could be found.
At a Glance
| Regulation-Price-Matrix |
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CNH website appears to be offline as of April 2011.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.sie-energie.gouv.sn/spip.php?article5 |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
The following coordinate was not recognized: {{#geocode: Senegal|google }}.
