01925cas a2200277 a 4500 AALejournalIMF002061 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451856132 1018-5941 BD-DhAAL BD-DhAAL Gupta, Sanjeev. Issues in Domestic Petroleum Pricing in Oil-Producing Countries / Sanjeev Gupta, Benedict Clements, Kevin Fletcher, Gabriela Inchauste. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on average, in 1999. Moreover, the paper argues, these petroleum subsidies are inefficient and inequitable-entailing substantial opportunity costs in terms of forgone revenue or productive spending-and also procyclical, complicating macroeconomic management. Nonetheless, the elimination of petroleum subsidies is often politically difficult, although countervailing measures and publicity campaigns can help engender support for reform. Mode of access: Internet Clements, Benedict. Fletcher, Kevin. Inchauste, Gabriela. IMF Working Papers; Working Paper ; No. 2002/140 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/140/001.2002.issue-140-en.xml IMF e-Library