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Fuel Prices Brunei Darussalam
Part of: GIZ International Fuel Price database
Fuel Pricing Policies
| Local Currency: | BND |
| Exchange Rate: | 1.283
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| Last Update: | 2011/05/01 |
Fuel Prices are regulated by the government. Official information regarding fuel pricing are not available on governments websites.
Brunei motor fuel prices are the lowest in South East Asia. Although the price of crude oil as benchmark increased over the last 10 years, pump prices in Brunei de facto remained identically. The total subsidy increased from 50 Million BND in 2004 to 202 Million BND in 2007 (→App.A2).
In 2008, the Brunei Government decided to increase fuel prices for foreign customers (mostly coming from the surrounding Malaysia) to the Commercial Price level (=non-subsidized price, see 2.). The motivation was to reduce the overall subsidies and, in particular, to stop subsidizing the Malayan „fuel-tourism“ that was induced by rising fuel prices in Malaysia in 2008.
On „Energy Day“, May 24th 2010, the Brunei government forced all pump stations to sell fuel at the unsubsidized „Commercial Price“ (for just that day). This initiative was done to give Brunei citizens an impression, of how costly fuel is.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
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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 for one litre of Gasoline 92 Octane as of 2010/05/01.
„Commercial Price“ includes costs and margins for buying, importing and retailing gasoline.
The subsidy for diesel is even higher: 0.91 BND commercial price at 0-31 BND subsidized price.
Source: Brunei „Energy Day 2010“, May 24th (→App. A1 and A3).
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.petroleum-unit.gov.bn/oil_gas.htm (Information on crude oil exports) |
| Other Information | http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115 (A1, A3) |
| Other Information | http://ebunda.org/index.php?option=com_content&view=article&id=168:brunei-energy-day-on-24-may-2010&catid=80:energy-management&Itemid=115 (A2) |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
