Difference between revisions of "Fuel Prices Bolivia"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Bolivia
 
|Fuel Price Country=Bolivia
 +
|Fuel Pricing Policies=*Bolivia is net-importer of fossil fuels from Venezuela and Argentina
 +
*Fuels are sold subsidized
 +
*Prices are heavily regulated
 +
*Price gaps to neighbouring countries enforces smuggling
 +
*Low revenue for oil producers (27 USD per barrel) leads to underinvestment
 +
 +
'''Agencies:'''
 +
 +
Ministry of Energy and Mines (MEM) and the Ministry of Finance: Publishes on its web site the variations in average prices to the public of oil products.
 +
 +
Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
 +
 +
Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years.
 +
Year 2005 2006 2007 2008 2009 2010 2011
 +
US$ billion 108 140 288 487 462 666 706
 +
% of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9
 +
 +
(Source:  Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
|Fuel Currency=BOB
 
|Fuel Currency=BOB
 
|Fuel Price Exchange Rate=6.88
 
|Fuel Price Exchange Rate=6.88
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http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
 
http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
 
|Fuel Price Composition 2=GIZ_IFP2012_Bolivia2.png
 
|Fuel Price Composition 2=GIZ_IFP2012_Bolivia2.png
|Fuel Pricing Policies=*Bolivia is net-importer of fossil fuels from Venezuela and Argentina
 
*Fuels are sold subsidized
 
*Prices are heavily regulated
 
*Price gaps to neighbouring countries enforces smuggling
 
*Low revenue for oil producers (27 USD per barrel) leads to underinvestment
 
 
'''Agencies:'''
 
 
Ministry of Energy and Mines (MEM) and the Ministry of Finance: Publishes on its web site the variations in average prices to the public of oil products.
 
 
Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf
 
 
|Fuel Matrix Pricing Mechanism=1
 
|Fuel Matrix Pricing Mechanism=1
 
|Fuel Matrix Price Level=1
 
|Fuel Matrix Price Level=1

Revision as of 10:36, 14 February 2013

Part of: GIZ International Fuel Price database


Fuel Pricing Policies

Local Currency: BOB
Exchange Rate: 6.88


(2010/11/17)

Last Update:
  • Bolivia is net-importer of fossil fuels from Venezuela and Argentina
  • Fuels are sold subsidized
  • Prices are heavily regulated
  • Price gaps to neighbouring countries enforces smuggling
  • Low revenue for oil producers (27 USD per barrel) leads to underinvestment

Agencies:

Ministry of Energy and Mines (MEM) and the Ministry of Finance: Publishes on its web site the variations in average prices to the public of oil products.

Source and further information: http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf

Fuel prices are uniform, controlled by government, and frozen for years at a time. Since Jan 2009, vehicles with foreign licence plates have been charged international prices, set every quarter. On the domestic market, the price of oil is US$27/bbl; concerned about declining oil production, government issued Supreme Decree 1202 in Mar 2012, providing a tax credit of US$30/bbl to foreign companies in addition to US$10 in cash they were receiving. As late as Dec 24, 2010, government was reportedly denying any intention to reform subsidies. However, just two days later, government as part of a broader subsidy reform increased diesel price by 83% and gasoline by 73%, the largest since 1991 when prices went up 35%. The increases were completely reversed 5 days later due to widespread protests, as was food subsidy reduction. In Feb 2011, government created a new ministry of communications, 8 years after such a ministry had been abolished. Fuel subsidies have amounted to about 3% of GDP in recent years. Year 2005 2006 2007 2008 2009 2010 2011 US$ billion 108 140 288 487 462 666 706 % of GDP 1.1 1.2 2.2 2.9 2.7 3.4 2.9

(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 as of 2002/12/01.


GIZ IFP2012 Bolivia1.png
GIZ IFP2012 Bolivia2.png


Source: example to estimate %-values for each component

http://uneprisoe.org/Pricing/FuelPricingPolicies.pdf pages 15-18

http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html



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

Type of Information Web-Link / Source
Other Information http://www.bcb.gov.bo/ (Central Bank of Bolivia)
Other Information http://www.cbli.org.bo (Bolivian Chamber of Hydrocarbons)
Other Information http://www.bolivia-industry.com (National Chamber of Industry)
Pump prices and margins http://www.hidrocarburos.gob.bo/MHE2012/


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