Petroleum Marketing in Africa: Issues in Pricing, Taxation and InvestmentM. R. Bhagavan The Nineties saw a fundamental shift in the policy and practice governing the pricing and marketing of petroleum products in Sub-Saharan Africa. Strict government control was replaced by liberalisation. Oil multinationals have been permitted once more to pursue their own strategies in importing and retailing petroleum products. This has profound consequences - for access and affordability by both urban and rural users; for subsidies to ease the price burden on low income groups; for tax revenues; for opportunities for price fixing and oligopoly by multinationals; and most importantly, for generating investment for expanding the retail network beyond the metropolitan areas.In this volume, these issues are examined in depth in the context of two very different cases: Kenya, where full liberalisation has been achieved, and Ethiopia, where the transition from state control to liberalisation has only just begun. A comparative analysis of these two cases yields valuable insights into policies and strategies that African countries need to deploy for ensuring lasting benefits from the imperative of liberalisation. |
Contents
Kenya 492 | 10 |
Kenyas Petroleum Subsector in Context | 21 |
2 | 22 |
Copyright | |
19 other sections not shown
Other editions - View all
Petroleum Marketing in Africa: Issues in Pricing, Taxation and Investment M. R. Bhagavan No preview available - 1999 |
Common terms and phrases
Addis Ababa African countries Agip Asseb automotive diesel average Bank of Kenya Birr Caltex capital markets cent Central Bank commercial banks competition consumer prices consumption cost crude oil demand deregulation developing countries Djibouti domestic economy Eldoret equity Ethiopia exchange rate exports facilities Figure financial markets firms fiscal foreign fuel oil gasoline increase industry institutions investment investors Jet A-1 Karekezi Kenol kerosene kilolitre Kisumu KPRL levies liberalization liquidity loans marketing and retailing Mbendi ment mobilization Mombasa Nairobi NOCK oil companies oil marketing companies operating PDL funds petrol petroleum fuels petroleum marketing petroleum prices petroleum products petroleum sector petroleum sub-sector pipeline price leadership prices of petroleum private sector product prices profit margins refined products refinery Republic of Kenya retail outlets retail prices revenue Source stock exchange storage sub-Saharan Africa supply Table Tanzania tariffs taxation taxes tion transport World Bank Zambia