Taxation and Pricing of Petroleum Products in Developing Countries : A Framework for Analysis with Application to Nigeria »
Series: IMF Working Papers
Author(s): Shahabuddin Hossain
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2003
Keywords: petroleum product prices, efficiency, equity, revenue, border prices, externalities, road user charge, road, per, expenditure
Using the modern theory of public economics as the point of departure, this paper outlines a basic principle for setting taxes and/or prices of commodities based on two key criteria, efficiency and equity. The pape...