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Low oil prices: an opportunity for fuel subsidy reform

Benes, Keith, Cheon, Andrew, Urpelainen, Johannes and Yang, Joonseok (2016) Low oil prices: an opportunity for fuel subsidy reform. International Growth Centre Blog (18 Jan 2016). Website.

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Consumer fuel subsidies are not only economically costly, but also environmentally destructive and highly inefficient for social welfare goals. The recent decline in oil prices presents an opportunity for governments to reduce consumer fuel subsidies without risking a backlash from consumers and vested interests. Once removed, subsidies could be replaced with more efficient social policy.

Item Type: Online resource (Website)
Official URL:
Additional Information: © 2016 The Author(s)
Divisions: International Growth Centre
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce
H Social Sciences > HJ Public Finance
H Social Sciences > HN Social history and conditions. Social problems. Social reform
J Political Science > JF Political institutions (General)
Date Deposited: 20 Jun 2017 11:44
Last Modified: 16 May 2024 08:53

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