Fuel Prices Madagascar
Fuel Pricing Policies
"Pricing policy: A law issued in 2004 deregulated the downstream petroleum sector, including pricing. Retail price adjustments, however, began to lag behind world price movements in 2008. Starting in 2011, maximum prices were set by decrees and prices were also negotiated between government and oil companies to stabilize them. There were only two adjustments in 2011 and three in 2012. To keep prices low, government has reduced import tariffs and road maintenance fees. There is an equalization fund. 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.
Information: The Malagasy Office of Hydrocarbons (OMH) posts historical prices dating back to 2000. "
(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 Local Currency||
* 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
Only obsolete information regarding price composition found on OMH website.
Sources to the Public
|Type of Information||Web-Link / Source|
|Price Composition||http://www.omh.mg/index.php?idm=5&CL=act (A1)|
|Pump prices and margins||http://www.omh.mg/index.php?idm=5&CL=pubprix|