Difference between revisions of "Fuel Prices Yemen"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Yemen
 
|Fuel Price Country=Yemen
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|Fuel Pricing Policies=Yemen adopts a system of ad hoc price changes with high subsidies. Under pressure to reform subsidy system due to dwindling oil resources and high budget deficits with several price changes already taking place in 2010. Reforms encouraged and supported by the IMF and World Bank.
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Status as of 30.9.2010
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 +
"Government controls, subsidizes, and infrequently adjusts fuel prices. In 2011, regular gasoline was withdrawn from the market, leaving only super gasoline priced at 175 rial (US$0.82) a liter. In Apr 2012, super gasoline was withdrawn from the market and regular gasoline, previously priced at 75 rial a liter, was re-introduced at 125 rial (US$0.58). After the price of diesel doubled in Apr 2012, farmers protested by blocking roads. In 2005, government started reforming fuel price subsidies, but reduced price increases after dozens of people were killed and numerous were wounded in riots. Fuel subsidies reached 14% of GDP in 2008." (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
|Fuel Currency=YER
 
|Fuel Currency=YER
 
|Fuel Price Exchange Rate=213.3
 
|Fuel Price Exchange Rate=213.3
 
|Fuel Price Exchange Rate Date=2010/11/17
 
|Fuel Price Exchange Rate Date=2010/11/17
|Fuel Price Last Updated=
 
|Fuel Price Composition Date=
 
 
|Fuel Price Composition Annotation=No information available.
 
|Fuel Price Composition Annotation=No information available.
|Fuel Pricing Policies=Yemen adopts a system of ad hoc price changes with high subsidies. Under pressure to reform subsidy system due to dwindling oil resources and high budget deficits with several price changes already taking place in 2010. Reforms encouraged and supported by the IMF and World Bank.
+
|Fuel Matrix Pricing Mechanism=1
 
 
Status as of 30.9.2010
 
 
|Fuel Matrix Price Level=1
 
|Fuel Matrix Price Level=1
|Fuel Matrix Pricing Mechanism=1
 
 
|Fuel Transparency Price Composition=1
 
|Fuel Transparency Price Composition=1
 
|Fuel Transparency Pricing Mechanism=1
 
|Fuel Transparency Pricing Mechanism=1
 
}}
 
}}

Revision as of 19:38, 8 February 2013

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

Fuel Pricing Policies

Local Currency: YER
Exchange Rate: 213.3


(2010/11/17)

Last Update:

Yemen adopts a system of ad hoc price changes with high subsidies. Under pressure to reform subsidy system due to dwindling oil resources and high budget deficits with several price changes already taking place in 2010. Reforms encouraged and supported by the IMF and World Bank.

Status as of 30.9.2010

"Government controls, subsidizes, and infrequently adjusts fuel prices. In 2011, regular gasoline was withdrawn from the market, leaving only super gasoline priced at 175 rial (US$0.82) a liter. In Apr 2012, super gasoline was withdrawn from the market and regular gasoline, previously priced at 75 rial a liter, was re-introduced at 125 rial (US$0.58). After the price of diesel doubled in Apr 2012, farmers protested by blocking roads. In 2005, government started reforming fuel price subsidies, but reduced price increases after dozens of people were killed and numerous were wounded in riots. Fuel subsidies reached 14% of GDP in 2008." (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



Fuel Price Composition

Price composition.



No 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 red.png IFPDB trafficlight explanation.png IFPDB trafficlight red.png



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