Energy subsidies versus economic efficiency: practical and theoretical issues in the case of Brunei Darussalam

Lawrey, Roger Neil and Pillarisetti, Janaki Ram (2011) Energy subsidies versus economic efficiency: practical and theoretical issues in the case of Brunei Darussalam. Asian Social Science, 7 (3). pp. 108-116. ISSN 1911-2017

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Abstract

Energy prices in Brunei are highly subsidised and have not changed for over twenty years. Electricity is priced at
approximately B$0.06 (US$0.044) per kWh and petrol (gasoline) varies from B$0.36 (US$0.26) per litre for
regular to a maximum of B$0.53 (US$0.38) per litre for premium unleaded. With oil and natural gas prices at
relatively high historical levels and the government attempting to reduce its influence on the economy and
promote privatisation, the increasing size of the subsidies has come to the attention of policy makers. This paper
considers likely market prices for energy in Brunei given current institutions and infrastructure and discusses
issues associated with removal of the subsidies in this unique economy.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: © Canadian Center of Science and Education. This work is licensed under a Creative Commons Attribution 3.0 License. This publication is copyright. It may be reproduced in whole or in part for the purposes of study, research, or review, but is subject to the inclusion of an acknowledgment of the source.
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 13 Nov 2014 23:46
Last Modified: 31 Jan 2017 03:22
Uncontrolled Keywords: energy; subsidies; tariffs; efficiency; conservation; Brunei
Fields of Research : 14 Economics > 1402 Applied Economics > 140219 Welfare Economics
14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
16 Studies in Human Society > 1605 Policy and Administration > 160505 Economic Development Policy
Socio-Economic Objective: B Economic Development > 91 Economic Framework > 9102 Microeconomics > 910206 Market-Based Mechanisms
B Economic Development > 85 Energy > 8599 Other Energy > 859999 Energy not elsewhere classified
Identification Number or DOI: 10.5539/ass.v7n3p108
URI: http://eprints.usq.edu.au/id/eprint/26374

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