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Today, a confluence of factors, such as growing concerns about associated consumption externalities and socioeconomic … transport fuel prices, (e.g. Parry 2012), we have found no attempts to do so with the breadth and scope of our analysis. Thus in … (production), indirect costs (road maintenance), and negative externalities (climate change, local pollutants, traffic accidents …
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This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on...
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