Fuel Prices Senegal

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Revision as of 15:32, 13 February 2013 by ***** (***** | *****)

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

Fuel Pricing Policies

Local Currency: FCFA
Exchange Rate: 472.9


(2010/11/17)

Last Update:

The «Comité national des hydrocarbures» (CNH) regulates fuel prices in Senegal. Their internet website appears to be offline as of April 2011.

According to an internet article (App. A1), the Senegalese government freezed fuel prices in March 2011. Facing rising import costs, this implicated lower VAT revenues.

"The National Committee for Hydrocarbons regulates prices based on an import-parity formula and reviews them every four weeks. Fuel price subsidies have incurred budgetary expenditures every year except 2010. There is no specific tax on kerosene, leading to a large price difference between kerosene and diesel. Government in Feb 2012 decided to reduce fuel taxes at an estimated cost of CFAF35 billion (0.5% of GDP)." (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.



According to an internet article (App. A1), there is a VAT on fuels in Senegal. No official information could be found.



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


CNH website appears to be offline as of April 2011.


Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.sie-energie.gouv.sn/spip.php?article5


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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