Fuel Prices Togo
Part of: GIZ International Fuel Price database
Also see: Togo Energy Situation
Fuel Pricing Policies
| Local Currency: | FCFA |
| Exchange Rate: | 472.9
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| Last Update: |
The Ministry of Commerce („Ministre du Commerce et de la Promotion du Secteur privé“) is in charge of setting fuel prices.
"A 2002 decree established an automatic pricing mechanism, requiring adjustments when benchmark prices varied by ±5%. In the face of soaring world oil prices in 2007–08, government did not adjust prices in line with world prices, and a government audit found that the net shortfalls borne by oil companies had grown to 1.5% of GDP. When world prices fell in 2008 and 2009, government maintained price levels in the hope of making up for the accumulated shortfall. The principle of automatic price adjustments was reaffirmed in a decree issued in Nov 2010, but government did not start adjusting retail prices until Jun 2011 and fuel subsidies soared between Jan and May 2011. Taxes on petroleum products were waived in mid-2011. Prices have been frozen since." (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 | |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No information available.
At a Glance
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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