Piotrowski, John M.; Coady, David; Tyson, Justin; … - International Monetary Fund (IMF) - 2010
Petroleum product subsidies have again started to increase with the rebound in international prices. This note reviews … necessary to reduce the fiscal burden of these subsidies and to address climate change. Between 2003 and mid-2008, global … consumer subsidies for petroleum products are estimated to have increased more than eightfold, from $57 billion to $490 billion …