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What is the potential impact of retail petroleum price reforms in the UAE?

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Report summary

In late July the UAE government announced plans to reform petroleum product retail prices linking them to international market prices. Paying less in subsidies on petroleum products will help offset the fall in oil and gas related government income due to the decline in crude oil prices. However it raises the question as to what will happen to domestic oil demand and whether other neighbouring countries will follow the UAE's reforms.

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    What is the potential impact of retail petroleum price reforms in the UAE?

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This report includes 10 images and tables including:

Images

  • Retail prices in the UAE in AED/Litre
  • Gasoline demand and cars per thousand capita, 2012-2020
  • UAE Government oil and gas income in US$ billion
  • Projected declines in oil & gas revenue as a percentage of GDP and government spending - 2014 to 2015
  • What is the potential impact of retail petroleum price reforms in the UAE?: Image 2
  • What is the potential impact of retail petroleum price reforms in the UAE?: Image 3
  • Retail and wholesale price, $/Litre
  • Retail price as a percentage of wholesale price
  • Retail Gasoline and Diesel price estimates post price reform, $/Litre
  • What is the potential impact of retail petroleum price reforms in the UAE?: Image 10

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