Taxation of Petroleum Products: Theory and Empirical Evidence

Poonam Gupta and Walter Mahler

No 1994/032, IMF Working Papers from International Monetary Fund

Abstract: The domestic taxation of petroleum products is an important source of revenue in most countries. However, there is a wide variation of tax rates on petroleum products across countries, which cannot be explained by economic theory alone. This paper surveys different considerations advanced for taxing petroleum and presents petroleum tax rate data in 120 countries. It concludes that a significant reduction in the present extremely wide variation in petroleum prices and tax rates appears warranted.

Keywords: WP; petroleum products; petroleum price; U.S. dollar; premium gasoline price; sales tax; U.S. highway cost allocation study; kerosene price; oil price increase; ad valorem tax tax rate; petroleum product price; industry price; petroleum price development; before-tax price; pollution cost; prices of petroleum products; Oil; gas and mining taxes; Oil prices; Gasoline; Average effective tax rate; Western Hemisphere; Middle East; Eastern Europe; Africa (search for similar items in EconPapers)
Pages: 58
Date: 1994-03-01
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Citations: View citations in EconPapers (5)

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