Difference between revisions of "Fuel Prices Lao P.D.R."
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Lao PDR | |Fuel Price Country=Lao PDR | ||
| − | |Fuel Pricing Policies= | + | |Fuel Pricing Policies="Pricing policy: Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, 15 times in 2011, and and 14 times in the first 10 months of 2012. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24)/liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011. |
| − | + | Information: Lao State Fuel Company, which is government-owned, used to post historical gasoline and diesel prices in the capital and five provinces on its Web site dating back to 2000. As of Feb 2013, the oil price history page was shown as being under construction and only current prices in 16 provinces were shown." | |
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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.) | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
Latest revision as of 16:00, 25 March 2013
Part of: GIZ International Fuel Price database
Fuel Pricing Policies
| Local Currency: | LAK |
| Exchange Rate: | 7925
|
| Last Update: | 2011/05/01 |
"Pricing policy: Ministry of Industry and Commerce controls gasoline and diesel prices by region, and also LPG prices, which are adjusted less frequently than gasoline and diesel prices. The ministry reported subsidizing fuel prices in the first half of 2008. Prices were adjusted 18 times in 2009, 14 times in 2010, 15 times in 2011, and and 14 times in the first 10 months of 2012. In Apr 2011, the ministry reported that government would do its best to keep the diesel price below 10,000 kip (US$1.24)/liter and regular gasoline below 11,000 kip (US$1.37), using such short-term measures as taxing premium gasoline more to cross-subsidize diesel to curb inflation, and has been following this policy. A fuel surcharge was added in Oct 2011 to make up for removal of bridge tolls earlier in 2011.
Information: Lao State Fuel Company, which is government-owned, used to post historical gasoline and diesel prices in the capital and five provinces on its Web site dating back to 2000. As of Feb 2013, the oil price history page was shown as being under construction and only current prices in 16 provinces were shown."
(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* |
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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
Fuel Price Composition
Price composition.
As stated in (see →App. A3), a fuel tax applies for on gasoline, while there is no taxation on Diesel.
Fuel prices differ by the actual transportation costs to the five provinces of Lao. Within a province, prices are to be homogenous (→App. A1 and A3)
No further information found on fuel price composition; hints welcome!
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://laovoices.com/government-raises-petrol-prices-again/ (A1) |
| Other Information | http://laovoices.com/lao-government-reduces-fuel-prices/ (A2) |
| Other Information | http://indochinastock.vn/2011/04/consumers-set-for-more-pain-as-fuel-prices-rise-117-108378.htm (A3) |
| Other Information | http://www.moc.gov.la/ |
| Pump prices and margins | http://www.moc.gov.la/ (Information out-dated, as of May 2011) |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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