It had previously been difficult to calculate the scale of fuel subsidy
scams because of the lack of transparency in the oil industry, including within the state-owned Nigerian National Petroleum Corporation (NNPC).
According to the new fuel subsidy
system, only families whose annual income is less than JD10,000 are entitled to cash compensation that does not exceed JD420 a year, or 70 dinars per individual.
challenging a fossil fuel subsidy
must have an enterprise or industry
Excerpt: AUGUSTINE ENWELIKU Accountant The government should have allowed the fuel subsidy
removal to be a gradual process.
More than 20% of Lebanese and Jordanians who initially opposed the idea of any subsidy reform would also support fuel subsidy
reform under the same conditions.
KHARTOUM: At least 29 people have been killed in protests in Khartoum over fuel subsidy
cuts, medical sources said Thursday as the worst unrest seen in Sudan's relatively well-off central regions for years spread to its biggest port.
Why not offset fuel subsidy
reforms with social safety nets (e.
The first argument against fuel subsidy
is that since fuel is a pervasive input, it distorts prices throughout the economy.
Every year, we offer bond to offset debt owed as a result of fuel subsidy
Islamabad, April 14, 2010 (Frontier Star): National Assembly Finance Committee has approved the continuation of various temporary posts in the National Assembly for the year 2010-11 and enhancement of session allowance and electricity/ fuel subsidy
admissible to the employees of the National Assembly.
Most of the people's demands have been centred around calls for government accountability and reinstatement of the fuel subsidy
, that Nigerians view as the only benefit of living in an oil-producing country.
The implementation of fuel subsidy
reforms can be slowed by their negative impact on domestic sentiment.
Mines and Energy Minister Purnomo Yusgiantoro told reporters the government ''has no intention'' of abolishing the fuel subsidy
altogether but that further cuts are eyed.
So in six months, the estimated cost of the fuel subsidy
to the state budget has risen from an original estimate of Rp 42 trillion in the original budget to a revised total of Rp 201 trillion, five times the original estimate , and this is taking into account the implementation of the 28.
The deputy prime minister Najib Razak has denied claims that the savings made by the fuel subsidy
cuts will be used to "bail out" the carrier, the Bernama news service reported.