Difference between revisions of "Fuel Prices Iraq"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Iraq
 
|Fuel Price Country=Iraq
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|Fuel Pricing Policies="Pricing policy: Government initiated administered official price adjustments at the end of 2005. Direct budgetary subsidies for imported fuels (except kerosene) were eliminated in 2007. Indirect subsidies for domestic crude/products were reduced from 10.5% of GDP in 2006 to 1.5% in 2009, but remain (source IMF).
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Consequences of subsidies: Large differences between black market and official prices persist."
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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=IDR
 
|Fuel Currency=IDR
 
|Fuel Price Exchange Rate=1158.7
 
|Fuel Price Exchange Rate=1158.7
 
|Fuel Price Exchange Rate Date=2010/11/17
 
|Fuel Price Exchange Rate Date=2010/11/17
|Fuel Price Graph Annotation=(** Prices from Erbil.)  
+
|Fuel Price Graph Annotation=(** Prices from Erbil.)
 
|Fuel Price Composition Annotation=No information available.
 
|Fuel Price Composition Annotation=No information available.
|Fuel Pricing Policies=Prices in the Kurdistan region are higher than the rest of the country. There are reports of increased smuggling.
 
 
|Fuel Matrix Pricing Mechanism=on
 
|Fuel Matrix Pricing Mechanism=on
 
|Fuel Matrix Price Level=on
 
|Fuel Matrix Price Level=on
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|Fuel Transparency Pricing Mechanism=on
 
|Fuel Transparency Pricing Mechanism=on
 
}}
 
}}
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[[Category:Iraq]]

Latest revision as of 13:09, 13 October 2014

Part of: GIZ International Fuel Price database
Also see: Iraq Energy Situation

Fuel Pricing Policies

Local Currency: IDR
Exchange Rate: 1158.7


(2010/11/17)

Last Update:

"Pricing policy: Government initiated administered official price adjustments at the end of 2005. Direct budgetary subsidies for imported fuels (except kerosene) were eliminated in 2007. Indirect subsidies for domestic crude/products were reduced from 10.5% of GDP in 2006 to 1.5% in 2009, but remain (source IMF).

Consequences of subsidies: Large differences between black market and official prices persist."

(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*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil



(** Prices from Erbil.)

Fuel Price Composition

Price composition.



No information available.



At a Glance

Regulation-Price-Matrix
Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
No information available. IFPDB trafficlight red.png IFPDB trafficlight explanation.png Unknown.



Sources to the Public

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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