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


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

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? PDF - 323.51 KB 10 Pages, 0 Tables, 10 Figures

Description

This Oil Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an expert point of view to help inform your decision making.

Wood Mackenzie gives you an informed, independent view on oil prices and the key drivers and trends impacting the oil market. Our highly experienced macro analysts and regional sector teams are based in the key oil producing and consuming regions they analyse, providing detailed field data and demand forecasts driven by country and industry forecasts.

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  • 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)

In this report there are 10 tables or charts, including:

  • Executive Summary
    • Retail prices in the UAE in AED/Litre
    • 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, $/Litre
    • Gasoline demand and cars per thousand capita, 2012-2020
    • UAE Government oil and gas income in US$ 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 10
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