Thursday, 8 November 2018

IEA sees reforms to fuel subsidies “coming under threat”

Rebounding oil prices are putting energy pricing reforms under pressure in some countries, with fuel subsidies creeping higher again after having fallen from a high in 2012 of more than a half trillion dollar. New IEA data for 2017 show a 12% increase in the estimated value of fuel subsidies, to more than $300 billion.

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