Gulf Cooperation Council (GCC)-Energy Price Reforms in the GCC-What Can Be Learned From International Experiences? »
Series: Policy Papers
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 12 October 2015
Keywords: Oil product prices, Demand elasticity, Energy prices, Oil prices, Pricing policy, energy price, GCC country, energy product, electricity tariff, GCC
Energy prices in the GCC countries are low by international standards. These low prices have co-existed with rapid economic development in the region over the past 50 years, but the costs of this policy have also r...