Coping with Higher Oil Prices
The rise in oil prices and the associated increase in the prices of petroleum products that has occurred since the beginning of 2004 are having adverse effects on the users of petroleum products in all countries. In many developing countries, price...
| Main Authors: | , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/08/7184740/coping-higher-oil-prices http://hdl.handle.net/10986/17955 |
| Summary: | The rise in oil prices and the
associated increase in the prices of petroleum products that
has occurred since the beginning of 2004 are having adverse
effects on the users of petroleum products in all countries.
In many developing countries, price increases have generated
considerable pressure for government response to lessen the
burden of higher world oil prices, and policies to minimize
budgetary support have met with fierce opposition. The
individual characteristics of petroleum products strongly
influence the way consumers react to various policies that
might be tried. Some policy measures that are effective for
other items for the purpose of protecting consumers, and
especially the poor, from price increases are not
necessarily suitable or effective for petroleum products. |
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