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

Insight 04 September 2015

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

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.

Executive Summary
- UAE subsidy reforms
  - Gasoline
  - Diesel
  - Upside risk for retail prices
- Demand reaction
- Subsidy reform and fiscal sustainability
- Prospects for subsidy reform in other regional markets
  - The burden of petroleum subsidies as a percentage of GDP and government spending (2015)

Tables and charts

This report includes 10 images and tables including:

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