Fuel Prices Iraq

From energypedia

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

Fuel Pricing Policies

Local Currency: IDR
Exchange Rate: 1158.7


Last Update:

"Pricing policy: Government initiated administered official price adjustments at the end of 2005. Direct budgetary subsidies for imported fuels (except kerosene) were eliminated in 2007. Indirect subsidies for domestic crude/products were reduced from 10.5% of GDP in 2006 to 1.5% in 2009, but remain (source IMF).

Consequences of subsidies: Large differences between black market and official prices persist."

(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

(** Prices from Erbil.)

Fuel Price Composition

Price composition.

No information available.

At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
No information available. IFPDB trafficlight red.png IFPDB trafficlight explanation.png Unknown.

Sources to the Public


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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