Difference between revisions of "Fuel Prices Mozambique"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Mozambique | |Fuel Price Country=Mozambique | ||
| + | |Fuel Pricing Policies="Government used to adjust fuel prices every month according to a market-based formula. In response to the food and fuel price shock in 2008, government introduced an urban transportation subsidy in Feb and suspended fuel-related taxes until Jul 2009. Government froze fuel prices in Apr 2009 and asked fuel importers to sell below market prices. In Mar 2010, government began raising fuel prices gradually. The prices of petroleum products other than diesel were increased by more than 70% and reached market levels by Aug 2010; diesel prices were raised by 38% to May 2010 and then not raised further, incurring losses. In Feb 2010, an agreement between government and fuel importers to settle outstanding claims for 2008–09 came into effect. Government also paid compensation for below-market fuel prices in 2010 until end-May. Government in Dec 2010 paid importers fully for the losses incurred in that year by charging other petroleum products more to cross-subsidize diesel. Government increased gasoline and diesel prices by 10% in Apr 2011 and 8% in Jul 2011, but has not adjusted fuel prices since. In Feb–Apr and Aug–Sep 2012, world fuel prices rose above the Jul 2011 levels, again leading to losses. | ||
| + | Government in Mar 2011 announced a subsidy program targeting 1.8 million poor people in 11 provincial capitals that would include bus passes for workers, students, and the elderly." | ||
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| + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
|Fuel Currency=MZN | |Fuel Currency=MZN | ||
|Fuel Price Exchange Rate=36.00 | |Fuel Price Exchange Rate=36.00 | ||
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|Fuel Price Graph Annotation=New currency since 2006. | |Fuel Price Graph Annotation=New currency since 2006. | ||
|Fuel Price Composition Annotation=No information available. | |Fuel Price Composition Annotation=No information available. | ||
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|Fuel Matrix Pricing Mechanism=2 | |Fuel Matrix Pricing Mechanism=2 | ||
|Fuel Matrix Price Level=2 | |Fuel Matrix Price Level=2 | ||
Revision as of 08:54, 21 February 2013
Part of: GIZ International Fuel Price database
Also see: Mozambique Energy Situation
Fuel Pricing Policies
| Local Currency: | MZN |
| Exchange Rate: | 36.00
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| Last Update: |
"Government used to adjust fuel prices every month according to a market-based formula. In response to the food and fuel price shock in 2008, government introduced an urban transportation subsidy in Feb and suspended fuel-related taxes until Jul 2009. Government froze fuel prices in Apr 2009 and asked fuel importers to sell below market prices. In Mar 2010, government began raising fuel prices gradually. The prices of petroleum products other than diesel were increased by more than 70% and reached market levels by Aug 2010; diesel prices were raised by 38% to May 2010 and then not raised further, incurring losses. In Feb 2010, an agreement between government and fuel importers to settle outstanding claims for 2008–09 came into effect. Government also paid compensation for below-market fuel prices in 2010 until end-May. Government in Dec 2010 paid importers fully for the losses incurred in that year by charging other petroleum products more to cross-subsidize diesel. Government increased gasoline and diesel prices by 10% in Apr 2011 and 8% in Jul 2011, but has not adjusted fuel prices since. In Feb–Apr and Aug–Sep 2012, world fuel prices rose above the Jul 2011 levels, again leading to losses. Government in Mar 2011 announced a subsidy program targeting 1.8 million poor people in 11 provincial capitals that would include bus passes for workers, students, and the elderly."
(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 | |
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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
New currency since 2006.
Fuel Price Composition
Price composition.
No information available.
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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