Ecuador and Mexico

Main fuels subsidised
Recent developments
Angola
Gasoline, diesel,
In December 2014, reduced subsidies by increasing prices to
kerosene, electricity AOA 90 ($0.83) per litre for gasoline and AOA 60 ($0.55) per litre
for diesel.
China
LPG, natural gas,
electricity
In February 2015, announced plans to group existing and new
industrial gas consumers under a single pricing mechanism.
Ghana
LPG
In June 2015, deregulated the prices of petroleum products.
India
Kerosene, LPG,
natural gas,
electricity
Stopped diesel subsidies in October 2014, following similar
reforms to gasoline in 2010. Also introduced a new pricing
formula for domestically produced gas. In January 2015,
introduced a cash transfer scheme for residential LPG consumers
to try to stop the diversion of subsidised cylinders to commercial
use.
Indonesia
Diesel, electricity
In January 2015, abolished subsidies to gasoline (RON88) and
capped the diesel subsidy. In March 2015, increased the price of
non-subsidised 12-kg LPG canisters by IDR 5 000 ($0.38).
Iran
Gasoline, diesel,
kerosene, LPG,
natural gas,
electricity
In May 2015, increased the price of subsidised gasoline from
IRR 7 000 ($0.28) per litre to IRR 10 000 ($0.35) per litre.
Kuwait
Gasoline, diesel,
kerosene, LPG,
natural gas,
electricity
In January 2015, increased the price of diesel to KWD 0.170
($0.56) per litre. At the end of January 2015, cut back prices of
diesel and kerosene to KWD 0.110 ($0.36) following political
pressure. Postponed plans to remove subsidies on gasoline and
electricity.
Malaysia
LPG, natural gas,
electricity
In January 2014, increased electricity tariffs by an average of 15%,
and resumed fuel cost pass-through, based on international gas
price movements. In May 2014, increased natural gas prices by up
to 26% for certain users. In December 2014, abolished gasoline
(RON95) and diesel subsidies; prices are now set to track
international levels.
Morocco
LPG
Abolished gasoline and fuel oil subsidies at the start of 2014 and
diesel subsidies at the start of 2015.
Oman
Gasoline, natural gas In January 2015, raised gas prices for industrial consumers by
100%, to OMR 0.041 per cubic metre ($3.01/MBtu). Introduced a
3% annual rise in gas prices for industries.
Thailand
LPG, natural gas,
electricity
In October 2014, increased the price of CNG for vehicles by THB 1
($0.03) per kilogramme. Ended subsidies for LPG in December
2014.
UAE
Gasoline, diesel,
natural gas,
electricity
From August 2015, started adjusting fuel prices monthly to match
global prices.
Viet Nam
Natural gas,
electricity, coal
In March 2015, increased electricity tariffs by 7.5%.
Notes: LPG = liquefied petroleum gas; MBtu = million British thermal units; CNG = compressed natural gas; UAE = United Arab Emirates.
Source: International Energy Agency – World Energy Outlook, 2015.