How-to-Guide Note for the World Bank Technical Assistance to Burundi for the Adoption of a Semi-automatic Pricing Mechanism in the Petroleum Sector
In May 2008, the government of Burundi requested Bank assistance to review the situation of the petroleum market, and evaluate the existing pricing mechanism. Following three Bank missions, a draft report was prepared and submitted to the Burundian...
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| Format: | Other Poverty Study |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/05/17431070/guide-note-world-bank-technical-assistance-burundi-adoption-semi-automatic-pricing-mechanism-petroleum-sector http://hdl.handle.net/10986/13232 |
| Summary: | In May 2008, the government of Burundi
requested Bank assistance to review the situation of the
petroleum market, and evaluate the existing pricing
mechanism. Following three Bank missions, a draft report was
prepared and submitted to the Burundian authorities. Both
the Ministry of Commerce and the Ministry of Finance
submitted comments on the draft report. The draft and the
government s comments were discussed with a Bank economic
mission in April 2009. The present note is focused on the
petroleum pricing issue and takes into account the comments
of the government and the conclusions of the discussions
with the Bank mission in April. Following an analysis of the
petroleum supply chain, the report presents the main
conclusions and recommendations of the Bank s petroleum
expert on the current pricing mechanism; summarizes the
views of the authorities on recent changes in their
management of domestic prices; and describes the new
measures the government plans to take to consolidate the
existing quasi-automatic price adjustment mechanism and to
stabilize the market supply and the specific cost
components. The report also discusses briefly how the social
impact of price increases is already taken care of in the
current pricing mechanism. |
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