Fuel Prices Brunei Darussalam

Part of: GIZ International Fuel Price database

Fuel Pricing Policies

Local Currency:	BND
Exchange Rate:	1.283
Last Update:	2011/05/01

Fuel Prices are regulated by the government. Official information regarding fuel pricing are not available on governments websites.

Brunei motor fuel prices are the lowest in South East Asia. Although the price of crude oil as benchmark increased over the last 10 years, pump prices in Brunei de facto remained identically. The total subsidy increased from 50 Million BND in 2004 to 202 Million BND in 2007 (→App.A2).

In 2008, the Brunei Government decided to increase fuel prices for foreign customers (mostly coming from the surrounding Malaysia) to the Commercial Price level (=non-subsidized price, see 2.). The motivation was to reduce the overall subsidies and, in particular, to stop subsidizing the Malayan „fuel-tourism“ that was induced by rising fuel prices in Malaysia in 2008.

On „Energy Day“, May 24th 2010, the Brunei government forced all pump stations to sell fuel at the unsubsidized „Commercial Price“ (for just that day). This initiative was done to give Brunei citizens an impression, of how costly fuel is.

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 92 Octane as of 2010/05/01.

„Commercial Price“ includes costs and margins for buying, importing and retailing gasoline. The subsidy for diesel is even higher: 0.91 BND commercial price at 0-31 BND subsidized price.

Source: Brunei „Energy Day 2010“, May 24th (→App. A1 and A3).

At a Glance

Regulation-Price-Matrix	Transparency of Price Composition Transparency of Pricing Mechanism / Monitoring

Sources to the Public

Type of Information	Web-Link / Source
Other Information	http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115 (A2)
Other Information	http://www.petroleum-unit.gov.bn/oil_gas.htm (Information on crude oil exports)
Other Information	http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115 (A1, A3)

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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