Fuel Prices Madagascar
Part of: GIZ International Fuel Price database
Also see: Madagascar Energy Situation
Fuel Pricing Policies
| Local Currency: | MGA |
| Exchange Rate: | 1961.8
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| Last Update: |
The „Office Malgache des Hydrocarbures“ (OMH) is the national institution to control and regulate the fuel sector in Madagascar.
The fuel sector is liberalized in Madagascar. OMH releases maximum indicative pump prices for fuels, including a price breakdown. OMH also offers comprehensive information on historic fuel price timelines and analyses of the market. This includes e.g. an analysis of the (negative) correlation between the fuel prices and the amounts sold at the pump.
OMH also offers comprehensive legal information concerning the fuel price market on their website.
OMH is in charge of selling concessions (for several roles of market attendees, e.g. retailer, wholesaler, importer or exporter; any individual is allowed to enter the market). OMH also defines quality standards for fuels.
Government sets maximum prices for gasoline, diesel, and kerosene. Price adjustments have been infrequent in recent years, with only three adjustments each in 2011 and 2012. The Malagasy Office of Hydrocarbons posts historical prices dating back to 2000. Oil companies reported that government provided 15 billion ariary (US$7.4 million) in 2011 for keeping prices below market levels, against losses amounting to 150 billion ariary.
(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
New currency since 2005
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2008/12/01.
Indicative maximum price; the downstream sector for fuels is liberal in Madagascar.
Source: http://www.omh.mg/index.php?idm=5&CL=act# (below “Publications prix par OMH”, “Dernier article publié”, see also →Annex 1)
(*The “delta for exchange rate” is a small, monthly updated element accounting for the temporal change of the exchange rate of the Ariary to the US-Dollar. In Particular, this was invented to account for the fact, that there is a time difference (estimated to be three weeks) between buying fuels in the international markets and selling them to customers. Therefore, this delta is positive for a weakening Ariary (as was mainly the case since its introduction in 2005), or negative else.)
At a Glance
| Regulation-Price-Matrix |
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Only obsolete information regarding price composition found on OMH website.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.omh.mg/ |
| Price Composition | http://www.omh.mg/index.php?idm=5&CL=act (A1) |
| Pricing Mechanism | http://www.omh.mg/index.php?idm=2&CL=txtvig |
| Pump prices and margins | http://www.omh.mg/index.php?idm=5&CL=pubprix |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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