EXPLOIT FALLING MARKETS – a contribution to the debate on fuel pricing mechanisms
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The current phase of
sharply declining crude oil and petroleum product prices offers an opportunity
for a critical investigation of the absolute level of pump prices for fuel and
the nature and manner of adjustment of the price level. This includes the
opportunity to move from ad hoc pricing towards formula-based automatic pricing
at relatively low political cost. The same applies to the elimination of direct
and indirect subsidies which should continue in parallel, and to the imposition
of (possibly earmarked) tax on fuel. The discussion paper provides an overview
of forms of fuel pricing in the transport sector.
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