Fuel Prices Lao P.D.R.
Part of: GIZ International Fuel Price database
Fuel Pricing Policies
| Local Currency: | LAK |
| Exchange Rate: | 7925
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| Last Update: | 2011/05/01 |
Fuel prices are regulated by the Price Planning and Marketing Division of the Laos Ministry of Industry and Commerce (→App. A1).
According to several internet articles, prices are changed by the ministry approx. once per month on average. Prices are calculated separately for the five provinces of Lao, reflecting actual transportation costs. (→App. A1 and A2).
In early 2011, fuel prices rose to record levels. In April 2011, the Lao Government therefore considered ways to subsidize diesel in order to keep the inflation low (as prices of foods and goods depend more on diesel than on gasoline prices). According to an internet article (→App. A3), this subsidy might be paid through rising the tax on premium gasoline, leading to an even higher price difference between the two fuel types.
On the ministries website (http://www.moc.gov.la/), there is very out-dated information on fuel prices. Up-to-date information is missing entirely. Also information on the fuel pricing formula and the price composition are missing.
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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