发生错误 详情 隐藏
您有未保存页面 恢复 取消

The Government of Haiti on July 6 imposed price hikes for a variety of fuels, sparking violent protests across the country that cost lives, destroyed property, shut down air traffic, and even caused embassies, business, schools, and other entities to restrict transit and activity in the country. The government increased gasoline prices by 38 percent, kerosene by 51 percent, and diesel by 47 percent.

  • Currently, gasoline costs $0.88 per liter while diesel costs $0.7 per liter, according to Global Petrol Prices. While a relatively low price globally, as one of the world's poorest nations, the rates are still higher than other wealthier countries in the region, such as Trinidad and Tobago, Panama, Mexico, Colombia, Ecuador, Guatemala, and Bolivia. Haiti neither produces oil or oil products nor has stocks, making it vulnerable to global price fluctuations.

As a result of the violent response to the fuel price changes, the government temporarily suspended the price reform. The measure, which was a part of a reform plan agreed to with the IMF in March, was designed to increase government revenue and support public investment in areas such as health, education, and public safety. Known as a staff-monitored program, this reform was aimed at improving policy implementation to facilitate financial support from other donors, namely $96 million in loans from the Inter-American Development Bank, World Bank, and European Union.

  • Currently, the Haitian budget is in deficit; one of the factors behind the expanding budget deficit—which is expected to be 2.5 percent of GDP in 2018—is fuel subsidies. In 2015, post-tax fuel subsidies were about $0.34 billion and accounted for 3.6 percent of Haitian GDP, according to the IMF.
  • The IMF and the Haitian government plan to revise the fuel reform so that fuel benefits are reduced more gradually and compensatory mitigating measures can be implemented, such as transport vouchers, to protect the most financially vulnerable citizens.
  • The IMF believes that benefits from subsidies that are keeping fuel prices below market level are disproportionately distributed in favor of the wealthy. That is why the IMF suggested reducing fuel benefits in favor of increased social expenditures.

Download our latest ENERGY Data Brief

Download our one-page PDF full of live links to energy-related data, statistics, and dashboards from leading industry sources to support research and data-based decision making.

相关数据透视

Chinese Tariffs on US LNG Exports Reshuffling Market Outlook

The US shale production boom and recovery of global oil prices following the global financial crisis of 2007-2008 created an attractive environment for new LNG projects. But continued investment and the trade routes that emerge from contracts between producers and consumers are subject to change, as we are witnessing now in the context of the increasingly acrimonious trade dynamic between the United States and China.   In August, China floated a 25 percent tariff on LNG imports from the United States in response to the mounting use of tariffs by the US Government against Chinese goods, a measure more politically...

United States: The World's Newest Major Exporter of Crude Oil

In June, US crude oil exports reached historic levels at nearly 2.2 million barrels per day (b/d), a level similar to that of Nigeria and Iran. From 1975 until late 2015, a federal ban on the export of US crude oil severely restricted crude oil exports to all countries except Canada. By lifting the ban, the US Government has transformed the United States into a major exporter of crude oil and a force that is reshaping global oil markets. To date in 2018, the United States has averaged more than 1.7 million b/d of crude oil exports while continuing to import an average of 7.9 million b/d.Although Canada remains an...

Renewable Energy

(October 2016) - Renewable energy resources have increasingly become mainstream energy soures worldwide, catapulted by new capacity in developing countries. Depending on the source, renewable energy has or is poised to surpass coal to become the world's largest source of electrical power capacity. The International Energy Agency (IEA) in its most recent medium-term renewable market report said that this transition occurred during 2015, while according to the latest energy outlook by the US Energy Information Administration (EIA) the transition will be completed in 2016.The IEA report shows that in 2015 renewables...

Global Energy Company Ranking Post 2014 Oil Price Collapse

ExxonMobil has yet again taken the top spot in the annual Global Energy Company Ranking by S&P Global Platts. While few were surprised that the assets, revenue, profits, and return on investment capital for the world’s largest public oil and gas producer earned it the 12th consecutive top ranking, the company hot on Exxon’s heels was a surprise: Korea Electric Power Corp (KEPCO). Look no further that oil and gas market fundamentals to understand how KEPCO moved up the ranks. The 2016 edition reflects the oil market's biggest price collapse in nearly three decades and the resulting re-drawing of the lines in the fuels mix...