Energy Pricing Reforms in the Gulf: A trend but not (yet) a norm
Since the oil price drop in the summer of 2014, Gulf countries have made significant advances in reforming heavily subsidized fossil fuel prices to domestic consumers.
Saudi Arabia reformed energy prices in 2015, after the United Arab Emirates implemented two large pricing reforms earlier that year. Oman, Bahrain and Qatar implemented price increases in 2016 and 2017. Some Gulf Cooperation Council countries that implemented automatic pricing mechanisms have regularly reviewed prices since. This paper from GSI summarizes these reforms and puts them in the context of wider developmental challenges in the Gulf. It also calls for more focused international support to energy pricing reforms in the Gulf region.
You might also be interested in
The Context of Fossil-Fuel Subsidies in the GCC Region and Their Impact on Renewable Energy Development
This discussion paper looks at fossil-fuel pricing and subsidies in the political, social and economic context of Gulf Cooperation Council (GCC) countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.It provides an overview of IEA and IMF estimates of fossil-fuel…
Indonesia’s Energy Policy Briefing | July 2020
This policy brief presents and discusses the most recent energy policy developments in Indonesia. It also considers measures designed to mitigate the economic and social impacts of the COVID-19 pandemic crisis implemented up to May 2020
How Can India’s Energy Sector Recover Sustainably from COVID-19?
From IISD and CEEW, Part 1 of a three-part commentary series takes a deep dive into how India’s energy sector is coping with the impacts of COVID-19 and what this means for the sustainable energy transition.
Solar Power Is Just a Switch Away
Swapping subsidies from fossil fuels to clean options can make renewables the most viable alternative.