Difference between revisions of "Fuel Prices Syria"

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{{Fuel Price Factsheet
 
{{Fuel Price Factsheet
 
|Fuel Price Country=Syria
 
|Fuel Price Country=Syria
|Fuel Pricing Policies=Syria adopts a system of ad hoc price changes. Prices can be changed by a prime ministerial decree upon the recommendation of the Finance Minister and the Minister of Transport.
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|Fuel Pricing Policies=“Pricing policy: Government controls, subsidizes, and infrequently adjusts fuel. Most gasoline is 90 RON, the price of which was raised to S£44 (US$0.93)/liter in Sep 2010, and raised again in Dec 2011. In Nov 2010, government said it would allow imports of 95 RON gasoline, to be sold at S£50 (US$1.08)/liter. In 2010, government had put forward 2015 as the year in which to move to market pricing. The diesel price was raised in Apr 2008 from S£7 (US$0.15) to S£25 (US$0.52), but cut to S£20 (US$0.43) in Apr 2009 and further to S£15 (US$0.32) in May 2011 before being raised to S£20 (US0.32) in May 2012. Government raised the gasoline price in Sep 2010 and Dec 2011. In Nov 2010, government said it would allow imports of 95 RON gasoline, to be sold at S£50 (US$1.08)/liter. Most gasoline is 90 RON, the price of which was raised to S£44 (US$0.93)/liter in Sep 2010. In 2010, government had put forward 2015 as the year in which to move to market pricing.
  
In September 2010 the government abolished all annual fees and taxes on smaller private vehicles in exchange for increasing the price of gasoline.
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Consequences of subsidies: Mahrukat, Syria’s sole buyer and distributor, reported losses totaling S£372 billion (US$7.9 billion) in 2008, falling dramatically to S£14 billion (US$0.3 billion) in 2009 due to lower world prices and higher domestic prices. Subsidy in 2010 was reported to have topped US$2.9 billion. In May 2012, when the diesel price was raised to S£20/liter, government said the subsidies had exceeded S£250 billion (US$4 billion).
  
Under the Syrian government’s definition of subsidies, gasoline is not subsidized.
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Social protection: Every household received a coupon to buy 1,000 liters of diesel at S£9 (US$0.19)/liter when government nearly tripled the diesel price in Apr 2008. Government in Jan 2011 increased the heating oil allowance for two million public workers and retirees by 72 percent to about 1,500 Syrian pounds (US$32) a month.
  
"Government controls, subsidizes, and infrequently adjusts fuel. The diesel price was raised in Apr 2008 from S£7 (US$0.15) to S£25 (US$0.52), and then cut to S£20 (US$0.43) in Apr 2009 and further to S£15 (US$0.32) in May 2011 before being raised to S£20 (US0.32) in May 2012. Every household received a coupon to buy 1,000 liters of diesel at S£9 (US$0.19) when government nearly tripled the diesel price in Apr 2008. Government raised the gasoline price in Sep 2010 and Dec 2011. In Nov 2010, government said it would allow imports of 95 RON gasoline, to be sold at S£50 (US$1.08) a liter. Most gasoline is 90 RON, the price of which was raised to S£44 (US$0.93) in Sep 2010. Mahrukat, Syria’s sole buyer and distributor, reported losses totaling S£372 billion (US$7.9 billion) in 2008, falling dramatically to S£14 billion (US$0.3 billion) in 2009 due to lower world prices and higher domestic prices. Subsidy in 2010 was reported to have topped US$2.9 billion. In May 2012, when the diesel price was raised to S£20 a liter, government said the subsidies exceeded S£250 billion (US$4 billion). In 2010, government had put forward 2015 as the year in which to move to market pricing." (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
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(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
 
 
March 2013: Price increase to 65 Syrian Pounds announced for petrol (Source: http://www.globalpost.com/dispatch/news/afp/130305/syria-petrol-price-jumps-18-state-media)
 
 
|Fuel Currency=SYP
 
|Fuel Currency=SYP
 
|Fuel Price Exchange Rate=45.779
 
|Fuel Price Exchange Rate=45.779
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|Fuel Transparency Pricing Mechanism=1
 
|Fuel Transparency Pricing Mechanism=1
 
}}
 
}}
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[[Category:Syria]]

Latest revision as of 13:12, 23 September 2014

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

Fuel Pricing Policies

Local Currency: SYP
Exchange Rate: 45.779


Last Update:

“Pricing policy: Government controls, subsidizes, and infrequently adjusts fuel. Most gasoline is 90 RON, the price of which was raised to S£44 (US$0.93)/liter in Sep 2010, and raised again in Dec 2011. In Nov 2010, government said it would allow imports of 95 RON gasoline, to be sold at S£50 (US$1.08)/liter. In 2010, government had put forward 2015 as the year in which to move to market pricing. The diesel price was raised in Apr 2008 from S£7 (US$0.15) to S£25 (US$0.52), but cut to S£20 (US$0.43) in Apr 2009 and further to S£15 (US$0.32) in May 2011 before being raised to S£20 (US0.32) in May 2012. Government raised the gasoline price in Sep 2010 and Dec 2011. In Nov 2010, government said it would allow imports of 95 RON gasoline, to be sold at S£50 (US$1.08)/liter. Most gasoline is 90 RON, the price of which was raised to S£44 (US$0.93)/liter in Sep 2010. In 2010, government had put forward 2015 as the year in which to move to market pricing.

Consequences of subsidies: Mahrukat, Syria’s sole buyer and distributor, reported losses totaling S£372 billion (US$7.9 billion) in 2008, falling dramatically to S£14 billion (US$0.3 billion) in 2009 due to lower world prices and higher domestic prices. Subsidy in 2010 was reported to have topped US$2.9 billion. In May 2012, when the diesel price was raised to S£20/liter, government said the subsidies had exceeded S£250 billion (US$4 billion).

Social protection: Every household received a coupon to buy 1,000 liters of diesel at S£9 (US$0.19)/liter when government nearly tripled the diesel price in Apr 2008. Government in Jan 2011 increased the heating oil allowance for two million public workers and retirees by 72 percent to about 1,500 Syrian pounds (US$32) a month.”

(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.



No information available.



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


No accessible public information available on the price composition and pricing mechanism.


Sources to the Public

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