Measures to Reduce the Economic and Social Impact of High Fuel Prices

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dc.creatorWorld Bank
dc.date2017-06-27T16:20:06Z
dc.date2017-06-27T16:20:06Z
dc.date2011
dc.date.accessioned2026-07-01T01:01:55Z
dc.descriptionHigh volatility in the world prices of petroleum has been a characteristic feature of the global economy in the last decade. World petroleum prices increased four-fold between 2004 and 2008 and, and following a drop in prices in the second half of 2008, petroleum prices have been rising again, and they are several times higher than they were two decades ago. Since high and volatility of prices is likely to be a permanent feature of the global economy for the foreseeable future, they merit a reconsideration of the national transport and taxation policies that were put in place when fuel prices were not such a significant component of trade-related transactions costs in Sub-Saharan Africa (SSA) countries. Transport practices that were based on the assumption of low price of fuel are not sustainable, and policies neglect fuel efficiency considerations through lowering the fuel consumption of vehicles measures are no longer sustainable. Efficient and low transport cost is essential to achieve regional economic integration and strengthen Africa's competitiveness in external markets. Higher diesel prices also impact on the prices of all other goods which use diesel as an intermediate input. The most significant among them with implications for the poor in low-income developing countries is food, on which the poor spend a disproportionately high share of their total household expenditures. This report is in three parts in the first part, transport fuel prices in the countries of SSA are compared with those of other regions of the world. The comparison is not only in terms of the actual retail prices but also, but taking account of per capita incomes and truck revenues, also in terms of affordability. This Part also provides evidence of the make-up of transport fuel prices in SSA countries, as a first step in assessing how they can be dealt with. The second part provides new evidence of the impact of these high fuel prices on the export competiveness of a sample of six SSA countries. It also provides a shorter description of the results of a study of the impact of fuel prices on logistics costs in Central America, since so far there have not been any studies of the impact of high transport fuel prices on logistics and food costs in SSA countries. The third part deals with the ways in which the impact of high transport fuel prices can be addressed. Two main areas of action are described, those that would reduce the retail price of transport fuel and those that would increase fuel efficiency, so they impact of high prices would be reduced. This section focuses on diesel fuel, as this is by far the most used by the trucks that transport export products and are involved in domestic logistics. This section concludes with some ideas on what could be done next to make progress on implementing the most promising ideas for reducing the impact of high transport fuel prices.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/429111468002402640/Measures-to-reduce-the-economic-and-social-impact-of-high-fuel-prices
dc.identifierhttps://hdl.handle.net/10986/27337
dc.identifierhttps://doi.org/10.1596/27337
dc.identifier.urihttp://hdl.handle.net/123456789/414449
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCIDENT COSTS
dc.subjectACCIDENT EXTERNALITIES
dc.subjectACCIDENTS
dc.subjectAGRICULTURE
dc.subjectAIR
dc.subjectALTERNATIVE MODES
dc.subjectAVERAGE PRICE
dc.subjectAVERAGE PRICES
dc.subjectAVERAGE TRUCK FLEET
dc.subjectBALANCE
dc.subjectBIDDING
dc.subjectBORDER PRICE
dc.subjectBUS
dc.subjectBUS FARES
dc.subjectBUS OPERATING COSTS
dc.subjectBUS TRANSPORT
dc.subjectBUSES
dc.subjectCAR
dc.subjectCAR OWNERSHIP
dc.subjectCAR OWNERSHIP RATES
dc.subjectCARS
dc.subjectCLIMATE CHANGE
dc.subjectCOMMERCIAL VEHICLES
dc.subjectCOMPETITIVE PRICES
dc.subjectCOMPETITIVENESS
dc.subjectCONGESTION CHARGES
dc.subjectCONGESTION COSTS
dc.subjectCONSUMPTION OF FUEL
dc.subjectCOST OF LIVING
dc.subjectCOST OF TRANSPORT
dc.subjectCOSTS OF EXTERNALITIES
dc.subjectCOSTS OF TRANSPORT
dc.subjectCOSTS OF TRANSPORT EXTERNALITIES
dc.subjectCRUDE OIL
dc.subjectCRUDE OIL PIPELINE
dc.subjectCRUDE OIL PRICES
dc.subjectDEMAND FOR PETROLEUM PRODUCTS
dc.subjectDEPOT
dc.subjectDIESEL
dc.subjectDIESEL ENGINE
dc.subjectDIESEL FUEL
dc.subjectDIESEL FUEL CONSUMPTION
dc.subjectDIESEL FUEL PRICES
dc.subjectDISPOSABLE INCOME
dc.subjectDISTRIBUTION COMPANIES
dc.subjectDOMESTIC CRUDE OIL
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC TRANSPORT
dc.subjectDRIVER TRAINING
dc.subjectDRIVERS
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC IMPACT
dc.subjectECONOMIC INTEGRATION
dc.subjectECONOMIC STUDIES
dc.subjectECONOMIES OF SCALE
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectENVIRONMENTAL DAMAGES
dc.subjectEXCISE DUTIES
dc.subjectEXPENDITURE
dc.subjectEXPORT MARKETS
dc.subjectEXPORTS
dc.subjectEXTERNAL MARKETS
dc.subjectEXTERNALITIES
dc.subjectFIXED COSTS
dc.subjectFREE GASOLINE
dc.subjectFREIGHT
dc.subjectFREIGHT COSTS
dc.subjectFREIGHT OPERATIONS
dc.subjectFUEL
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL CONSUMPTION RATES
dc.subjectFUEL COST
dc.subjectFUEL COSTS
dc.subjectFUEL DISTRIBUTION
dc.subjectFUEL EFFICIENCY
dc.subjectFUEL EFFICIENT VEHICLES
dc.subjectFUEL OIL
dc.subjectFUEL PRICE
dc.subjectFUEL PRICE INCREASES
dc.subjectFUEL PRICE REDUCTIONS
dc.subjectFUEL PRICES
dc.subjectFUEL PRODUCTS
dc.subjectFUEL SPECIFICATIONS
dc.subjectFUEL TAX
dc.subjectFUEL TAXES
dc.subjectFUELS
dc.subjectGAS
dc.subjectGAS POLICY
dc.subjectGASOLINE
dc.subjectGASOLINE COST
dc.subjectGASOLINE PRICES
dc.subjectGASOLINE TAX
dc.subjectGASOLINE TAXES
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectHEAVY GOODS VEHICLES
dc.subjectHEAVY TRUCKS
dc.subjectHIGH FUEL CONSUMPTION
dc.subjectHIGH SULFUR CONTENT
dc.subjectHIGH TRANSPORT
dc.subjectHIGHER OIL PRICES
dc.subjectHOUSEHOLD EXPENDITURES
dc.subjectIMPACT OF TRANSPORT
dc.subjectINFLATION
dc.subjectINLAND WATERWAY
dc.subjectINTERNATIONAL TRADE
dc.subjectKEROSENE
dc.subjectLAND TRANSPORT
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectLIGHT VEHICLES
dc.subjectLOAD FACTORS
dc.subjectLOCAL AIR POLLUTION
dc.subjectLONGER DISTANCES
dc.subjectMARITIME TRANSPORT
dc.subjectMARKET CONCENTRATION
dc.subjectMARKET CONDITIONS
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMARKETING
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMILEAGE
dc.subjectMONOPOLY
dc.subjectNATIONAL INCOME
dc.subjectNATIONAL OIL
dc.subjectNATIONAL TRANSPORT
dc.subjectNOISE
dc.subjectOIL AND GAS
dc.subjectOIL COMPANIES
dc.subjectOIL CONSUMERS
dc.subjectOIL IMPORTING COUNTRIES
dc.subjectOIL MARKETING
dc.subjectOIL MARKETING COMPANIES
dc.subjectOIL MARKETS
dc.subjectOIL PIPELINE
dc.subjectOIL PRICES
dc.subjectOIL PRODUCING
dc.subjectOIL PRODUCING COUNTRIES
dc.subjectOIL-IMPORTING COUNTRIES
dc.subjectOIL-PRODUCING COUNTRIES
dc.subjectPEAK TRAFFIC
dc.subjectPEAK TRAFFIC PERIODS
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOMES
dc.subjectPETROLEUM
dc.subjectPETROLEUM MARKETS
dc.subjectPETROLEUM PRICES
dc.subjectPETROLEUM PRODUCTS
dc.subjectPETROLEUM SECTOR
dc.subjectPIPELINE
dc.subjectPOLLUTION
dc.subjectPRICE CEILINGS
dc.subjectPRICE OF DIESEL
dc.subjectPRICE OF FUEL
dc.subjectPRICE OF GASOLINE
dc.subjectPRICE OF OIL
dc.subjectPRICE SPIKES
dc.subjectPRICE STABILITY
dc.subjectPRICE SUBSIDIES
dc.subjectPRICE VARIATION
dc.subjectPRICING POLICY
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE VEHICLES
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTS MARKET
dc.subjectPUBLIC TRANSPORT
dc.subjectPURCHASING
dc.subjectRAIL
dc.subjectRAIL CONNECTION
dc.subjectRAIL TRANSPORT
dc.subjectRAILWAY
dc.subjectREFINED PETROLEUM PRODUCTS
dc.subjectREFINED PRODUCTS
dc.subjectREFINERIES
dc.subjectREFINERY
dc.subjectREFINERY CAPACITY
dc.subjectREFINING
dc.subjectREGULATORY FRAMEWORK
dc.subjectRESIDUAL FUEL
dc.subjectRESIDUAL FUEL OIL
dc.subjectRETAIL
dc.subjectRETAIL COMPETITION
dc.subjectRETAIL PRICE
dc.subjectRETAIL PRICES
dc.subjectROAD
dc.subjectROAD INFRASTRUCTURE
dc.subjectROAD MAINTENANCE
dc.subjectROAD NETWORK
dc.subjectROAD QUALITY
dc.subjectROAD TRANSPORT
dc.subjectROAD VEHICLES
dc.subjectROADS
dc.subjectSALES
dc.subjectSPOT PRICES
dc.subjectSTOCKS
dc.subjectSTORAGE CAPACITY
dc.subjectSTORAGE FACILITIES
dc.subjectSULFUR
dc.subjectSUNK COSTS
dc.subjectSUPPLIER
dc.subjectSUPPLIERS
dc.subjectTAX REVENUE
dc.subjectTAXES ON DIESEL
dc.subjectTAXES ON GASOLINE
dc.subjectTRADE COMPETITIVENESS
dc.subjectTRAFFIC
dc.subjectTRAFFIC CONGESTION
dc.subjectTRANSACTIONS COSTS
dc.subjectTRANSIT
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT AFFORDABILITY
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT MODE
dc.subjectTRANSPORT POLICIES
dc.subjectTRANSPORT POLICY
dc.subjectTRANSPORT PROJECTS
dc.subjectTRANSPORT RESEARCH
dc.subjectTRANSPORT SECTOR
dc.subjectTRANSPORT SERVICES
dc.subjectTRANSPORT SYSTEMS
dc.subjectTRANSPORT TARIFFS
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION COSTS
dc.subjectTRANSPORTS
dc.subjectTRAVEL TIME
dc.subjectTRUCK DRIVERS
dc.subjectTRUCK TRANSPORT
dc.subjectTRUCKS
dc.subjectVEHICLE
dc.subjectVEHICLE OWNERSHIP
dc.subjectVEHICLE TAXATION
dc.subjectVEHICLE TYPES
dc.subjectVOLATILITY
dc.subjectWORLD MARKETS
dc.titleMeasures to Reduce the Economic and Social Impact of High Fuel Prices
dc.typeReport
dc.typeRapport
dc.typeInforme

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