• Initiative -
  • 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

Research Fellow Anwar is an energy and environmental economist with a strong engineering background. He leads a cross-functional team on the project… Anwar is an energy and environmental economist with a strong engineering background. He leads a cross-functional team on the project titled “Modeling Energy Demand, Emissions, and the Impacts of Energy Price Reform.” This project includes studies on elasticities, emissions forecasting, the economic and environmental impacts of reforms, and understanding what leads to successful energy policy outcomes. He is also involved in multiple studies on carbon markets. Anwar’s research has been published in leading journals and has been picked up by numerous media publications, such as the Saudi Gazette and Arab News. His work has supported key advisory engagements with the Saudi energy sector. Anwar is currently wrapping up a Ph.D. from UCL in Sustainable Resources (with a sub-specialization in Economics). He holds an M.Sc. in Electrical Engineering from KAUST and a B.Eng. in the same field from the University of Liverpool.

Expertise

  • Energy Demand
  • GHG Emissions
  • Energy Pricing
  • Energy Subsidies
  • Energy Efficiency
  • Carbon Pricing and Carbon Markets

Publications See all Anwar Gasim’s publications

Mohammad Aldubyan

Senior Research Associate Mohammad is a researcher in KAPSARC’s Climate and Environment program. His research focuses on energy efficiency, energy demand and price… Mohammad is a researcher in KAPSARC’s Climate and Environment program. His research focuses on energy efficiency, energy demand and price reforms. 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 is also part of a project modeling energy demand in Saudi Arabia and estimating the economic impacts of energy price reforms. 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; Energy Demand and Price Reforms; Energy Economics Modeling

Publications See all Mohammad Aldubyan’s publications

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