• Focus Area -
  • Type Instant Insight
  • Date 7 June 2020
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Abstract

What is behind the dramatic fall in gasoline prices?

On May 11, 2020, Saudi Arabia slashed its domestic gasoline prices. The price of 91-octane gasoline fell from 1.31 to 0.67 Saudi Arabian riyals (SAR) per liter, while the price of 95-octane gasoline fell from 1.47 to 0.82 SAR per liter. As a result of these price reductions, domestic gasoline prices today are very close to those that prevailed before the gasoline price reform in 2018. As a result, some mistakenly believe that Saudi Arabia has introduced gasoline subsidies.

Authors

Anwar Gasim

Fellow II Anwar is an energy and environmental economist with an engineering background and over a decade of research and advisory experience… Anwar is an energy and environmental economist with an engineering background and over a decade of research and advisory experience around the areas of energy demand, greenhouse gas emissions, energy price reform, and carbon pricing. He currently leads multiple cross-functional teams on key projects tackling these areas, with a proven track record of publishing high-impact papers, providing consulting services to policymakers, and building the capabilities of talent within the organization. Anwar’s research has been published in leading energy and environmental journals and has been picked up by leading news media. Anwar also has experience transforming organizations, having been a member of task forces responsible for refreshing organizational strategy and building human capital. Anwar is currently wrapping up a Ph.D. from UCL in Sustainable Resources (sub-specialization in Economics). He holds an M.Sc. from KAUST in Electrical Engineering and a B.Eng. from the University of Liverpool in Electronics and Communication Engineering.

Expertise

  • Energy price reform; Energy demand; Measuring GHG emissions; Carbon pricing; Carbon markets

Publications See all Anwar Gasim’s publications

Mohammad Aldubyan

Research Lead Mohammad is a research lead in KAPSARC’s Climate & Sustainability program. His research focuses on energy efficiency and energy demand…

Mohammad is a research lead in KAPSARC’s Climate & Sustainability program. His research focuses on energy efficiency and energy demand in buildings. He is currently leading the Residential Energy Model (REEM), which simulates residential energy demand and estimates the impact of energy efficiency programs on Saudi Arabia’s housing sector. He also leads the long-term KAPSARC Oil Market Outlook (KOMO) in buildings and agriculture sectors.
Mohammad holds an M.Sc. in Renewable and Clean Energy from the University of Dayton, Ohio and an M.Sc. in Economics from Purdue University, West Lafayette.

Expertise

  • Energy Efficiency in Buildings; Energy Demand; Energy Modeling

Publications See all Mohammad Aldubyan’s publications

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