Fuel Prices Senegal
Fuel Pricing Policies
“Pricing policy: The National Committee for Hydrocarbons regulates prices based on an import-parity formula and reviews them every four weeks. Fuel price subsidies have incurred budgetary expenditures every year except 2010. For decades, government heavily subsidized LPG for household use. Today, the unit prices of LPG sold in 2.7-, 6-, and 9-kg cylinders are still slightly lower than those for LPG sold in larger cylinders; the price differences used to be much larger in the past. In deregulated markets, unit prices should decrease with cylinder size on account of large economies of scale in storing, bottling, and transporting LPG. There is no specific tax on kerosene, leading to a large price difference between kerosene and diesel. Government in Feb 2012 decided to reduce fuel taxes at an estimated cost of CFAF35 billion (0.5% of GDP).
Consequences of subsidies: The subsidies to the refinery and for LPG in 2009 are estimated to have amounted to US$70 million. The inability to reimburse the refinery resulted in closure of the refinery for a while, causing serious fuel shortages.”
(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
Fuel Price Composition
According to an internet article (App. A1), there is a VAT on fuels in Senegal. No official information could be found.
At a Glance
CNH website appears to be offline as of April 2011.
Sources to the Public
|Type of Information||Web-Link / Source|