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Egypt, Arab Republic of

Oil Price Subsidies—How Are Developing Countries Adjusting to $100 Oil?

Masami Kojima's picture


A cup of coffee in Caracas costs almost 200 times a liter of gasoline. Households in Turkey paid 74 times more than their Egyptian counterparts for bottled cooking gas in early 2013. The price differences across countries for gasoline and diesel are even larger, as much as 250-fold for diesel.