Tags » Fuel Subsidies

Nigeria's Goodluck Jonathan just did incoming Buhari a big favour with the fuel crisis

As Nigeria gradually pulls back from the brink of the ‘Petrocalypse‘, it is just the latest example of why the petroleum sector of one of the world’s biggest exporters needs urgent reform. 567 more words

Nigeria's fuel crisis looks set to end just in time for its new president

With the country facing the real prospect of its economy grinding to a halt, Nigerians received good news that the current fuel crisis, easily the worst in recent times, will be resolved immediately. 346 more words

Charades in Acid. Critical News, 24th May 2015

Sydney Casely-Hayford, sydney@bizghana.com

This past week, we murdered a prominent politician, and our Finance Minister attempted a charade explanation of the economy.

Some sort of in fighting within the NPP created resentment and pent up sentiment that some person(s) decided the only way to settle this was to do an acid test on a human being. 1,310 more words

Sydney Casely-Hayford

Fuel Subsidy Policy and Popular Mobilization in #Syria | Middle East Research and Information Project

On February 17, Syrian Minister of Oil Muhammad al-Lahham warned Parliament that the price of fuel would have to increase. This announcement came just one month after the government raised the official price of diesel by more than 50 percent to 125 Syrian pounds (70 cents) per liter, the largest single hike since the uprising of 2011 and an eightfold increase since May of that year. 1,152 more words

Did Goodluck Jonathan's political price-cut trigger fuel shortages in Nigeria?

Nigeria, Africa’s largest oil producer, has this week been struck by another one of its notorious fuel shortages. With just weeks to go before a contentious presidential election, there are… 482 more words

Why is reforming fuel subsidies so hard?

With the recent dramatic fall in the price of oil, the issue of fuel subsidies comes to the fore again. Alan Beattie writes a good article in the Financial Times about fuel subsidy reform, how subsidies affect our economies and also why it is so hard to remove them. 1,012 more words

Subsidies

Most developing countries will benefit from oil price slump, says World Bank Group

WASHINGTON, January 7, 2015 Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects. 629 more words

World Bank