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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Main Author:	World Bank
Format:	Other Poverty Study
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ADJUSTMENT MECHANISM COMMERCE CONFLICT OF INTEREST CONSUMER GOOD CURRENCY CUSTOM CUSTOMS DELIVERY SYSTEM DEMOCRACY DIESEL DIESEL FUEL DOMESTIC MARKETS DOMESTIC PRICES ENTRY POINT EXCHANGE RATE FINANCIAL RESOURCES FRAUD FREIGHT FUELS FUTURE PRICE GASOLINE GOVERNMENT REVENUE INFRASTRUCTURES INSURANCE INTERNATIONAL MARKET INVESTMENT CLIMATE LOCAL TRANSPORT MARKET PRICES MARKET SUPPLY MONOPOLY PETROLEUM PRICES PETROLEUM PRODUCTS PETROLEUM SUPPLY PRICE ADJUSTMENT PRICE CHANGES PRICE INCREASES PRICE MOVEMENTS PRICE STRUCTURE PRICING MECHANISM PRIVATE SECTOR PRIVATE SECTORS PRODUCT DELIVERY RESULT RETAIL RETAIL SALE ROAD SAFETY SALE SECURITY STANDARDS STOCKS SUPPLIERS SUPPLY CHAIN TECHNICAL ASSISTANCE TRANSACTION TRANSPARENCY TRANSPORT COSTS VERIFICATIONS VOLATILITY WAREHOUSE WORLD MARKET
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

id	okr-10986-13232
recordtype	oai_dc
spelling	okr-10986-132322021-04-23T14:03:06Z 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 World Bank ADJUSTMENT MECHANISM COMMERCE CONFLICT OF INTEREST CONSUMER GOOD CURRENCY CUSTOM CUSTOMS DELIVERY SYSTEM DEMOCRACY DIESEL DIESEL FUEL DOMESTIC MARKETS DOMESTIC PRICES ENTRY POINT EXCHANGE RATE FINANCIAL RESOURCES FRAUD FREIGHT FUELS FUTURE PRICE GASOLINE GOVERNMENT REVENUE INFRASTRUCTURES INSURANCE INTERNATIONAL MARKET INVESTMENT CLIMATE LOCAL TRANSPORT MARKET PRICES MARKET SUPPLY MONOPOLY PETROLEUM PRICES PETROLEUM PRODUCTS PETROLEUM SUPPLY PRICE ADJUSTMENT PRICE CHANGES PRICE INCREASES PRICE MOVEMENTS PRICE STRUCTURE PRICING MECHANISM PRIVATE SECTOR PRIVATE SECTORS PRODUCT DELIVERY RESULT RETAIL RETAIL SALE ROAD SAFETY SALE SECURITY STANDARDS STOCKS SUPPLIERS SUPPLY CHAIN TECHNICAL ASSISTANCE TRANSACTION TRANSPARENCY TRANSPORT COSTS VERIFICATIONS VOLATILITY WAREHOUSE WORLD MARKET 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. 2013-04-22T17:03:09Z 2013-04-22T17:03:09Z 2009-05-19 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Poverty Study Economic & Sector Work Africa Burundi
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ADJUSTMENT MECHANISM COMMERCE CONFLICT OF INTEREST CONSUMER GOOD CURRENCY CUSTOM CUSTOMS DELIVERY SYSTEM DEMOCRACY DIESEL DIESEL FUEL DOMESTIC MARKETS DOMESTIC PRICES ENTRY POINT EXCHANGE RATE FINANCIAL RESOURCES FRAUD FREIGHT FUELS FUTURE PRICE GASOLINE GOVERNMENT REVENUE INFRASTRUCTURES INSURANCE INTERNATIONAL MARKET INVESTMENT CLIMATE LOCAL TRANSPORT MARKET PRICES MARKET SUPPLY MONOPOLY PETROLEUM PRICES PETROLEUM PRODUCTS PETROLEUM SUPPLY PRICE ADJUSTMENT PRICE CHANGES PRICE INCREASES PRICE MOVEMENTS PRICE STRUCTURE PRICING MECHANISM PRIVATE SECTOR PRIVATE SECTORS PRODUCT DELIVERY RESULT RETAIL RETAIL SALE ROAD SAFETY SALE SECURITY STANDARDS STOCKS SUPPLIERS SUPPLY CHAIN TECHNICAL ASSISTANCE TRANSACTION TRANSPARENCY TRANSPORT COSTS VERIFICATIONS VOLATILITY WAREHOUSE WORLD MARKET
spellingShingle	ADJUSTMENT MECHANISM COMMERCE CONFLICT OF INTEREST CONSUMER GOOD CURRENCY CUSTOM CUSTOMS DELIVERY SYSTEM DEMOCRACY DIESEL DIESEL FUEL DOMESTIC MARKETS DOMESTIC PRICES ENTRY POINT EXCHANGE RATE FINANCIAL RESOURCES FRAUD FREIGHT FUELS FUTURE PRICE GASOLINE GOVERNMENT REVENUE INFRASTRUCTURES INSURANCE INTERNATIONAL MARKET INVESTMENT CLIMATE LOCAL TRANSPORT MARKET PRICES MARKET SUPPLY MONOPOLY PETROLEUM PRICES PETROLEUM PRODUCTS PETROLEUM SUPPLY PRICE ADJUSTMENT PRICE CHANGES PRICE INCREASES PRICE MOVEMENTS PRICE STRUCTURE PRICING MECHANISM PRIVATE SECTOR PRIVATE SECTORS PRODUCT DELIVERY RESULT RETAIL RETAIL SALE ROAD SAFETY SALE SECURITY STANDARDS STOCKS SUPPLIERS SUPPLY CHAIN TECHNICAL ASSISTANCE TRANSACTION TRANSPARENCY TRANSPORT COSTS VERIFICATIONS VOLATILITY WAREHOUSE WORLD MARKET World Bank 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
geographic_facet	Africa Burundi
description	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.
format	Economic & Sector Work :: Other Poverty Study
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	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
title_short	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
title_full	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
title_fullStr	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
title_full_unstemmed	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
title_sort	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
publisher	Washington, DC
publishDate	2013
url	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
_version_	1764422699488116736

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

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