M6 Noanswers

Fuel pricing mechanisms_v3.
xlsx
Tab Name Tab Description Hidden

Price Formula
Criteria
Hist. price
FPT price
MA2 method
MA4 method
MA6 method
Price band method
Size of Tax Revenue
Price Volatility
Taxes Volatility
Summery Table
Fig. prices under alter.regimes Chart Sheet
Workbook_Flowchart
Components of the price structure of diesel
Price formula
1. Import price Platts FOB US$
2. Freight margin 0.1 US$ / liter
3. Insurance 0.15% of import price
4. Margins (distribution and retail) 15 LC/liter
5. Transport charges and fees 12 LC/liter
6. Corrective tax 15 LC / liter
7. Road maintenance fees 5 LC / liter
8. VAT 14%
Criteria for Assessing Price Volatility
1.a. Standard deviation of monthly prices

1.b. Average of squared monthly price changes
1.c. Largest single monthly price increase
1.d. Average of two largest monthly price increases
1.e. Average of three largest monthly price increases
Criteria for Assessing Tax Volatility
2.a. Standard deviation of monthly tax

2.b. Average of monthly squared tax changes
2.c. Largest single monthly tax decrease
2.d. Average of two largest monthly tax decreases
2.e. Average of three largest monthly tax decreases
Actual/historical diesel retail
price (LC/liter)
2003m1 131.9
2003m2 131.9
2003m3 131.9
2003m4 145.7
2003m5 145.7
2003m6 145.7
2003m7 145.7
2003m8 137.7
2003m9 137.7
2003m10 135.7
2003m11 135.7
2003m12 135.7
2004m1 135.7
2004m2 131.7
2004m3 131.7
2004m4 131.7
2004m5 150.7
2004m6 150.7
2004m7 150.7
2004m8 150.7
2004m9 150.7
2004m10 150.7
2004m11 150.7
2004m12 150.7
2005m1 150.7
2005m2 170.2
2005m3 170.2
2005m4 170.2
2005m5 170.2
2005m6 185.0
2005m7 185.0
2005m8 185.0
2005m9 201.3
2005m10 201.3
2005m11 201.3
2005m12 216.6
2006m1 216.6
2006m2 225.2
2006m3 225.2
2006m4 225.2
2006m5 242.2
2006m6 241.5
2006m7 241.5
2006m8 241.5
2006m9 241.5
2006m10 241.5
2006m11 236.2
2006m12 236.2
2007m1 236.2
2007m2 236.2
2007m3 247.3
2007m4 247.3
2007m5 247.3
2007m6 252.4
2007m7 242.8
2007m8 242.8
2007m9 242.8
2007m10 242.8
2007m11 260.4
2007m12 260.4
2008m1 260.4
2008m2 260.4
2008m3 260.4
2008m4 260.4
2008m5 260.4
2008m6 280.0
2008m7 285.0
2008m8 285.0
2008m9 285.0
2008m10 231.2
2008m11 231.2
2008m12 231.2
2009m1 231.2
2009m2 221.0
2009m3 221.0
2009m4 205.0
2009m5 205.0
2009m6 205.0
2009m7 205.0
2009m8 205.0
2009m9 205.0
2009m10 215.2
2009m11 215.2
2009m12 225.4
2010m1 228.6
2010m2 228.6
2010m3 235.0
2010m4 252.9
2010m5 252.9
2010m6 252.9
2010m7 259.3
2010m8 259.3
2010m9 259.3
2010m10 264.5
2010m11 270.1
2010m12 277.5
2011m1 280.1
2011m2 280.1
2011m3 287.1
2011m4 287.1
2011m5 292.8
2011m6 298.1
2011m7 303.1
2011m8 303.1
2011m9 306.2
2011m10 309.4
2011m11 309.4
2011m12 314.8
2012m1 316.8
2012m2 316.8
2012m3 325.6
2012m4 325.6
2012m5 329.4
2012m6 329.4
2012m7 332.6
2012m8 332.6
2012m9 333.3
2012m10 333.3
2012m11 333.3
2012m12 333.3
2013m1 333.3
2013m2 335.2
2013m3 335.2
2013m4 335.2
2013m5 335.2
2013m6 335.2
2013m7 335.2
2013m8 335.2
2013m9 335.9
2013m10 335.9
2013m11 335.9
2013m12 335.9
2014m1 335.9
2014m2 335.9
2014m3 335.9
2014m4 335.9
2014m5 335.9
2014m6 335.9
2014m7 336.0
2014m8 336.0
2014m9 336.0
2014m10 315.0
2014m11 300.0
2014m12 250.0
Calculation of the Full Pass-through Diesel Price
Step 1
𝑨𝒅𝒋𝒖𝒔𝒕𝒆𝒅 𝒊𝒎𝒑𝒐𝒓𝒕
𝑝𝑟𝑖𝑐𝑒+𝐹𝑟𝑒𝑖𝑔ℎ𝑡
𝑚𝑎𝑟𝑔𝑖𝑛𝑔+𝐼𝑛𝑠𝑢𝑟𝑎𝑛
Import price Freight margin Insurance (0.15% Exchange rate

(USD/liter) (US$ 0.1 / liter) of import price) (LCU/USD)
2003m1 0.24 0.10 0.00 266.9

2003m2 0.28 0.10 0.00 264.0
2003m3 0.27 0.10 0.00 263.6
2003m4 0.22 0.10 0.00 264.0
2003m5 0.21 0.10 0.00 261.7
2003m6 0.22 0.10 0.00 260.9
2003m7 0.24 0.10 0.00 261.4
2003m8 0.26 0.10 0.00 262.7
2003m9 0.22 0.10 0.00 261.5
2003m10 0.24 0.10 0.00 262.5
2003m11 0.25 0.10 0.00 263.3
2003m12 0.26 0.10 0.00 263.9
2004m1 0.26 0.10 0.00 265.1
2004m2 0.31 0.10 0.00 265.3
2004m3 0.30 0.10 0.00 265.3
2004m4 0.38 0.10 0.00 266.1
2004m5 0.37 0.10 0.00 265.2
2004m6 0.31 0.10 0.00 264.3
2004m7 0.35 0.10 0.00 263.3
2004m8 0.36 0.10 0.00 262.4
2004m9 0.38 0.10 0.00 261.5
2004m10 0.43 0.10 0.00 260.6
2004m11 0.39 0.10 0.00 259.7
2004m12 0.33 0.10 0.00 258.7
2005m1 0.34 0.10 0.00 259.0
2005m2 0.40 0.10 0.00 260.3
2005m3 0.45 0.10 0.00 268.6
2005m4 0.47 0.10 0.00 264.6
2005m5 0.42 0.10 0.00 265.1
2005m6 0.45 0.10 0.00 265.5
2005m7 0.48 0.10 0.00 265.5
2005m8 0.56 0.10 0.00 265.5
2005m9 0.59 0.10 0.00 266.4
2005m10 0.58 0.10 0.00 268.6
2005m11 0.46 0.10 0.00 268.6
2005m12 0.46 0.10 0.00 268.6
2006m1 0.51 0.10 0.00 268.6
2006m2 0.50 0.10 0.00 268.6
2006m3 0.53 0.10 0.00 268.6
2006m4 0.60 0.10 0.00 268.6
2006m5 0.63 0.10 0.00 268.6
2006m6 0.60 0.10 0.00 268.6
2006m7 0.58 0.10 0.00 268.6
2006m8 0.61 0.10 0.00 268.6
2006m9 0.52 0.10 0.00 268.6
2006m10 0.48 0.10 0.00 268.6
2006m11 0.50 0.10 0.00 268.6
2006m12 0.53 0.10 0.00 268.6
2007m1 0.48 0.10 0.00 268.6
2007m2 0.53 0.10 0.00 268.4
2007m3 0.54 0.10 0.00 268.2
2007m4 0.58 0.10 0.00 263.1
2007m5 0.56 0.10 0.00 257.9
2007m6 0.59 0.10 0.00 257.9
2007m7 0.61 0.10 0.00 254.1
2007m8 0.57 0.10 0.00 255.9
2007m9 0.60 0.10 0.00 256.4
2007m10 0.66 0.10 0.00 253.1
2007m11 0.72 0.10 0.00 248.5
2007m12 0.68 0.10 0.00 251.0
2008m1 0.67 0.10 0.00 250.0
2008m2 0.73 0.10 0.00 250.9
2008m3 0.83 0.10 0.00 244.7
2008m4 0.89 0.10 0.00 241.1
2008m5 1.00 0.10 0.00 239.5
2008m6 1.03 0.10 0.00 236.0
2008m7 1.02 0.10 0.00 229.5
2008m8 0.85 0.10 0.00 228.4
2008m9 0.79 0.10 0.00 231.7
2008m10 0.59 0.10 0.00 244.5
2008m11 0.47 0.10 0.00 205.5
2008m12 0.35 0.10 0.00 256.6
2009m1 0.38 0.10 0.00 259.0
2009m2 0.34 0.10 0.00 258.7
2009m3 0.34 0.10 0.00 263.7
2009m4 0.38 0.10 0.00 265.7
2009m5 0.40 0.10 0.00 267.4
2009m6 0.49 0.10 0.00 264.4
2009m7 0.46 0.10 0.00 263.9
2009m8 0.51 0.10 0.00 260.9
2009m9 0.48 0.10 0.00 260.3
2009m10 0.52 0.10 0.00 260.7
2009m11 0.54 0.10 0.00 261.5
2009m12 0.53 0.10 0.00 262.1
2010m1 0.54 0.10 0.00 261.7
2010m2 0.53 0.10 0.00 261.5
2010m3 0.57 0.10 0.00 264.4
2010m4 0.61 0.10 0.00 266.9
2010m5 0.56 0.10 0.00 272.3
2010m6 0.57 0.10 0.00 278.0
2010m7 0.56 0.10 0.00 284.6
2010m8 0.57 0.10 0.00 287.1
2010m9 0.58 0.10 0.00 286.6
2010m10 0.62 0.10 0.00 284.7
2010m11 0.63 0.10 0.00 280.8
2010m12 0.66 0.10 0.00 282.2
2011m1 0.69 0.10 0.00 281.4
2011m2 0.75 0.10 0.00 284.0
2011m3 0.85 0.10 0.00 282.2
2011m4 0.89 0.10 0.00 275.0
2011m5 0.83 0.10 0.00 272.6
2011m6 0.81 0.10 0.00 274.6
2011m7 0.82 0.10 0.00 276.3
2011m8 0.78 0.10 0.00 279.9
2011m9 0.80 0.10 0.00 283.5
2011m10 0.82 0.10 0.00 289.0
2011m11 0.84 0.10 0.00 287.1
2011m12 0.77 0.10 0.00 287.9
2012m1 0.82 0.10 0.00 290.4
2012m2 0.86 0.10 0.00 292.7
2012m3 0.89 0.10 0.00 293.0
2012m4 0.86 0.10 0.00 291.4
2012m5 0.79 0.10 0.00 293.1
2012m6 0.70 0.10 0.00 294.8
2012m7 0.75 0.10 0.00 298.1
2012m8 0.85 0.10 0.00 301.9
2012m9 0.87 0.10 0.00 302.7
2012m10 0.85 0.10 0.00 301.7
2012m11 0.81 0.10 0.00 298.5
2012m12 0.78 0.10 0.00 301.3
2013m1 0.82 0.10 0.00 299.8
2013m2 0.86 0.10 0.00 298.6
2013m3 0.80 0.10 0.00 298.9
2013m4 0.77 0.10 0.00 299.7
2013m5 0.75 0.10 0.00 302.7
2013m6 0.77 0.10 0.00 303.6
2013m7 0.80 0.10 0.00 303.7
2013m8 0.82 0.10 0.00 303.8
2013m9 0.81 0.10 0.00 303.4
2013m10 0.79 0.10 0.00 300.5
2013m11 0.77 0.10 0.00 296.5
2013m12 0.79 0.10 0.00 297.0
2014m1 0.77 0.10 0.00 300.5
2014m2 0.80 0.10 0.00 300.4
2014m3 0.77 0.10 0.00 299.2
2014m4 0.79 0.10 0.00 299.2
2014m5 0.80 0.10 0.00 299.2
2014m6 0.79 0.10 0.00 299.2
2014m7 0.78 0.10 0.00 299.2
2014m8 0.78 0.10 0.00 299.2
2014m9 0.74 0.10 0.00 299.2
2014m10 0.68 0.10 0.00 299.2
2014m11 0.64 0.10 0.00 299.2
2014m12 0.50 0.10 0.00 299.2
Step 1 Step 2
𝑨𝒅𝒋𝒖𝒔𝒕𝒆𝒅 𝒊𝒎𝒑𝒐𝒓𝒕 𝒑𝒓𝒊𝒄𝒆=(𝐼𝑚𝑝𝑜𝑟𝑡 Domestic margins and transport
𝑝𝑟𝑖𝑐𝑒+𝐹𝑟𝑒𝑖𝑔ℎ𝑡 =𝑀𝑎𝑟𝑔𝑖𝑛𝑠+𝑇𝑟𝑎𝑛𝑠𝑝𝑜𝑟𝑡
𝑚𝑎𝑟𝑔𝑖𝑛𝑔+𝐼𝑛𝑠𝑢𝑟𝑎𝑛𝑐𝑒)∗𝐸𝑥𝑐ℎ𝑎𝑛𝑔𝑒 𝑟𝑎𝑡𝑒 𝑐ℎ𝑎𝑟𝑔𝑒𝑠 𝑎𝑛𝑑 𝑓𝑒𝑒𝑠
Adjusted import price Domestic margins

Margins (distribution Transport charges and
(LC / liter) transport
and retail) and fees
= (C6+E6+F6)*H6 =L6+G6
15 12
15 12
15 12
15 12
15 12
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15 12
Step 3 Step 4
and transport Taxes = Corrective tax + Full-pass through price = Adjusted
𝑠𝑝𝑜𝑟𝑡 Road maintenance fees + import price + Domestic margins
VAT and transport + Taxes
Road
Corrective tax Full pass-through price
maintenance fees VAT (14%) Taxes
(15 LC / liter) (LCU/liter)
(5LC/liter)
=P6+Q6+R6
15 5 2.8 0.0
15 5 2.8 0.0
15 5 2.8 0.0
15 5 2.8 0.0
15 5 2.8 0.0
15 5 2.8 0.0
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15 5 2.8 0.0
15 5 2.8 0.0
Step 5
price = Adjusted Forgone tax revenue = Full
mestic margins pass-through price - actual
axes (historical price)
Monthly change Forgone Tax Revenue

(percent)
The historical price can be

found in the sheet "Hist.
price".
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Table 1.1. Assessing Price Volatility (2004-2014) Diesel Price
FPT HIST FPT
2003m12 0.0
1.a. Standard Dev. of Price 0.0 60.5 2004m1 0.0
2004m2 0.0
1.c. Largest month increase 0.0 19.6 2004m3 0.0
2004m4 0.0
2004m5 0.0
2004m6 0.0
2004m7 0.0
2004m8 0.0
2004m9 0.0
2004m10 0.0
2004m11 0.0
2004m12 0.0
2005m1 0.0
2005m2 0.0
2005m3 0.0
2005m4 0.0
2005m5 0.0
2005m6 0.0
2005m7 0.0
2005m8 0.0
2005m9 0.0
2005m10 0.0
2005m11 0.0
2005m12 0.0
2006m1 0.0
2006m2 0.0
2006m3 0.0
2006m4 0.0
2006m5 0.0
2006m6 0.0
2006m7 0.0
2006m8 0.0
2006m9 0.0
2006m10 0.0
2006m11 0.0
2006m12 0.0
2007m1 0.0
2007m2 0.0
2007m3 0.0
2007m4 0.0
2007m5 0.0
2007m6 0.0
2007m7 0.0
2007m8 0.0
2007m9 0.0
2007m10 0.0
2007m11 0.0
2007m12 0.0
2008m1 0.0
2008m2 0.0
2008m3 0.0
2008m4 0.0
2008m5 0.0
2008m6 0.0
2008m7 0.0
2008m8 0.0
2008m9 0.0
2008m10 0.0
2008m11 0.0
2008m12 0.0
2009m1 0.0
2009m2 0.0
2009m3 0.0
2009m4 0.0
2009m5 0.0
2009m6 0.0
2009m7 0.0
2009m8 0.0
2009m9 0.0
2009m10 0.0
2009m11 0.0
2009m12 0.0
2010m1 0.0
2010m2 0.0
2010m3 0.0
2010m4 0.0
2010m5 0.0
2010m6 0.0
2010m7 0.0
2010m8 0.0
2010m9 0.0
2010m10 0.0
2010m11 0.0
2010m12 0.0
2011m1 0.0
2011m2 0.0
2011m3 0.0
2011m4 0.0
2011m5 0.0
2011m6 0.0
2011m7 0.0
2011m8 0.0
2011m9 0.0
2011m10 0.0
2011m11 0.0
2011m12 0.0
2012m1 0.0
2012m2 0.0
2012m3 0.0
2012m4 0.0
2012m5 0.0
2012m6 0.0
2012m7 0.0
2012m8 0.0
2012m9 0.0
2012m10 0.0
2012m11 0.0
2012m12 0.0
2013m1 0.0
2013m2 0.0
2013m3 0.0
2013m4 0.0
2013m5 0.0
2013m6 0.0
2013m7 0.0
2013m8 0.0
2013m9 0.0
2013m10 0.0
2013m11 0.0
2013m12 0.0
2014m1 0.0
2014m2 0.0
2014m3 0.0
2014m4 0.0
2014m5 0.0
2014m6 0.0
2014m7 0.0
2014m8 0.0
2014m9 0.0
2014m10 0.0
2014m11 0.0
2014m12 0.0
Diesel Price Monthly change
HIST FPT HIST
135.7
135.7 0.0 0.0
131.7 0.0 -4.0
131.7 0.0 0.0
131.7 0.0 0.0
150.7 0.0 19.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
170.2 0.0 19.5
170.2 0.0 0.0
170.2 0.0 0.0
170.2 0.0 0.0
185.0 0.0 14.8
185.0 0.0 0.0
185.0 0.0 0.0
201.3 0.0 16.3
201.3 0.0 0.0
201.3 0.0 0.0
216.6 0.0 15.3
216.6 0.0 0.0
225.2 0.0 8.6
225.2 0.0 0.0
225.2 0.0 0.0
242.2 0.0 17.1
241.5 0.0 -0.7
241.5 0.0 0.0
241.5 0.0 0.0
241.5 0.0 0.0
241.5 0.0 0.0
236.2 0.0 -5.4
236.2 0.0 0.0
236.2 0.0 0.0
236.2 0.0 0.0
247.3 0.0 11.1
247.3 0.0 0.0
247.3 0.0 0.0
252.4 0.0 5.1
242.8 0.0 -9.5
242.8 0.0 0.0
242.8 0.0 0.0
242.8 0.0 0.0
260.4 0.0 17.6
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
280.0 0.0 19.6
285.0 0.0 5.0
285.0 0.0 0.0
285.0 0.0 0.0
231.2 0.0 -53.8
231.2 0.0 0.0
231.2 0.0 0.0
231.2 0.0 0.0
221.0 0.0 -10.2
221.0 0.0 0.0
205.0 0.0 -16.0
205.0 0.0 0.0
205.0 0.0 0.0
205.0 0.0 0.0
205.0 0.0 0.0
205.0 0.0 0.0
215.2 0.0 10.2
215.2 0.0 0.0
225.4 0.0 10.2
228.6 0.0 3.1
228.6 0.0 0.0
235.0 0.0 6.4
252.9 0.0 17.9
252.9 0.0 0.0
252.9 0.0 0.0
259.3 0.0 6.4
259.3 0.0 0.0
259.3 0.0 0.0
264.5 0.0 5.2
270.1 0.0 5.6
277.5 0.0 7.4
280.1 0.0 2.6
280.1 0.0 0.0
287.1 0.0 7.0
287.1 0.0 0.0
292.8 0.0 5.6
298.1 0.0 5.3
303.1 0.0 5.0
303.1 0.0 0.0
306.2 0.0 3.1
309.4 0.0 3.1
309.4 0.0 0.0
314.8 0.0 5.4
316.8 0.0 2.0
316.8 0.0 0.0
325.6 0.0 8.8
325.6 0.0 0.0
329.4 0.0 3.8
329.4 0.0 0.0
332.6 0.0 3.1
332.6 0.0 0.0
333.3 0.0 0.8
333.3 0.0 0.0
333.3 0.0 0.0
333.3 0.0 0.0
333.3 0.0 0.0
335.2 0.0 1.8
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.9 0.0 0.7
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
336.0 0.0 0.2
336.0 0.0 0.0
336.0 0.0 0.0
315.0 0.0 -21.0
300.0 0.0 -15.0
250.0 0.0 -50.0
Retail Prices Under Alternative Pricing Mechanisms
400
(LCU/liter)
FPT HIST
350
300
250
200
150
100
50
Table 1.2. Assessing Tax Volatility (2004-2014) Diesel Tax
FPT HIST Year Month FPT
2003 2003m12 0.0
2.a. Standard Dev. of Taxes 0.0 60.5 2004 2004m1 0.0
2004 2004m2 0.0
2.c. Largest month decrease 0.0 53.8 2004 2004m3 0.0
2004 2004m4 0.0
2004 2004m5 0.0
2004 2004m6 0.0
2004 2004m7 0.0
2004 2004m8 0.0
2004 2004m9 0.0
2004 2004m10 0.0
2004 2004m11 0.0
2004 2004m12 0.0
2005 2005m1 0.0
2005 2005m2 0.0
2005 2005m3 0.0
2005 2005m4 0.0
2005 2005m5 0.0
2005 2005m6 0.0
2005 2005m7 0.0
2005 2005m8 0.0
2005 2005m9 0.0
2005 2005m10 0.0
2005 2005m11 0.0
2005 2005m12 0.0
2006 2006m1 0.0
2006 2006m2 0.0
2006 2006m3 0.0
2006 2006m4 0.0
2006 2006m5 0.0
2006 2006m6 0.0
2006 2006m7 0.0
2006 2006m8 0.0
2006 2006m9 0.0
2006 2006m10 0.0
2006 2006m11 0.0
2006 2006m12 0.0
2007 2007m1 0.0
2007 2007m2 0.0
2007 2007m3 0.0
2007 2007m4 0.0
2007 2007m5 0.0
2007 2007m6 0.0
2007 2007m7 0.0
2007 2007m8 0.0
2007 2007m9 0.0
2007 2007m10 0.0
2007 2007m11 0.0
2007 2007m12 0.0
2008 2008m1 0.0
2008 2008m2 0.0
2008 2008m3 0.0
2008 2008m4 0.0
2008 2008m5 0.0
2008 2008m6 0.0
2008 2008m7 0.0
2008 2008m8 0.0
2008 2008m9 0.0
2008 2008m10 0.0
2008 2008m11 0.0
2008 2008m12 0.0
2009 2009m1 0.0
2009 2009m2 0.0
2009 2009m3 0.0
2009 2009m4 0.0
2009 2009m5 0.0
2009 2009m6 0.0
2009 2009m7 0.0
2009 2009m8 0.0
2009 2009m9 0.0
2009 2009m10 0.0
2009 2009m11 0.0
2009 2009m12 0.0
2010 2010m1 0.0
2010 2010m2 0.0
2010 2010m3 0.0
2010 2010m4 0.0
2010 2010m5 0.0
2010 2010m6 0.0
2010 2010m7 0.0
2010 2010m8 0.0
2010 2010m9 0.0
2010 2010m10 0.0
2010 2010m11 0.0
2010 2010m12 0.0
2011 2011m1 0.0
2011 2011m2 0.0
2011 2011m3 0.0
2011 2011m4 0.0
2011 2011m5 0.0
2011 2011m6 0.0
2011 2011m7 0.0
2011 2011m8 0.0
2011 2011m9 0.0
2011 2011m10 0.0
2011 2011m11 0.0
2011 2011m12 0.0
2012 2012m1 0.0
2012 2012m2 0.0
2012 2012m3 0.0
2012 2012m4 0.0
2012 2012m5 0.0
2012 2012m6 0.0
2012 2012m7 0.0
2012 2012m8 0.0
2012 2012m9 0.0
2012 2012m10 0.0
2012 2012m11 0.0
2012 2012m12 0.0
2013 2013m1 0.0
2013 2013m2 0.0
2013 2013m3 0.0
2013 2013m4 0.0
2013 2013m5 0.0
2013 2013m6 0.0
2013 2013m7 0.0
2013 2013m8 0.0
2013 2013m9 0.0
2013 2013m10 0.0
2013 2013m11 0.0
2013 2013m12 0.0
2014 2014m1 0.0
2014 2014m2 0.0
2014 2014m3 0.0
2014 2014m4 0.0
2014 2014m5 0.0
2014 2014m6 0.0
2014 2014m7 0.0
2014 2014m8 0.0
2014 2014m9 0.0
2014 2014m10 0.0
2014 2014m11 0.0
2014 2014m12 0.0
Diesel Tax Monthly change
HIST FPT HIST
135.7
135.7 0.0 0.0
131.7 0.0 -4.0
131.7 0.0 0.0
131.7 0.0 0.0
150.7 0.0 19.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
150.7 0.0 0.0
170.2 0.0 19.5
170.2 0.0 0.0
170.2 0.0 0.0
170.2 0.0 0.0
185.0 0.0 14.8
185.0 0.0 0.0
185.0 0.0 0.0
201.3 0.0 16.3
201.3 0.0 0.0
201.3 0.0 0.0
216.6 0.0 15.3
216.6 0.0 0.0
225.2 0.0 8.6
225.2 0.0 0.0
225.2 0.0 0.0
242.2 0.0 17.1
241.5 0.0 -0.7
241.5 0.0 0.0
241.5 0.0 0.0
241.5 0.0 0.0
241.5 0.0 0.0
236.2 0.0 -5.4
236.2 0.0 0.0
236.2 0.0 0.0
236.2 0.0 0.0
247.3 0.0 11.1
247.3 0.0 0.0
247.3 0.0 0.0
252.4 0.0 5.1
242.8 0.0 -9.5
242.8 0.0 0.0
242.8 0.0 0.0
242.8 0.0 0.0
260.4 0.0 17.6
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
260.4 0.0 0.0
280.0 0.0 19.6
285.0 0.0 5.0
285.0 0.0 0.0
285.0 0.0 0.0
231.2 0.0 -53.8
231.2 0.0 0.0
231.2 0.0 0.0
231.2 0.0 0.0
221.0 0.0 -10.2
221.0 0.0 0.0
205.0 0.0 -16.0
205.0 0.0 0.0
205.0 0.0 0.0
205.0 0.0 0.0
205.0 0.0 0.0
205.0 0.0 0.0
215.2 0.0 10.2
215.2 0.0 0.0
225.4 0.0 10.2
228.6 0.0 3.1
228.6 0.0 0.0
235.0 0.0 6.4
252.9 0.0 17.9
252.9 0.0 0.0
252.9 0.0 0.0
259.3 0.0 6.4
259.3 0.0 0.0
259.3 0.0 0.0
264.5 0.0 5.2
270.1 0.0 5.6
277.5 0.0 7.4
280.1 0.0 2.6
280.1 0.0 0.0
287.1 0.0 7.0
287.1 0.0 0.0
292.8 0.0 5.6
298.1 0.0 5.3
303.1 0.0 5.0
303.1 0.0 0.0
306.2 0.0 3.1
309.4 0.0 3.1
309.4 0.0 0.0
314.8 0.0 5.4
316.8 0.0 2.0
316.8 0.0 0.0
325.6 0.0 8.8
325.6 0.0 0.0
329.4 0.0 3.8
329.4 0.0 0.0
332.6 0.0 3.1
332.6 0.0 0.0
333.3 0.0 0.8
333.3 0.0 0.0
333.3 0.0 0.0
333.3 0.0 0.0
333.3 0.0 0.0
335.2 0.0 1.8
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.2 0.0 0.0
335.9 0.0 0.7
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
335.9 0.0 0.0
336.0 0.0 0.2
336.0 0.0 0.0
336.0 0.0 0.0
315.0 0.0 -21.0
300.0 0.0 -15.0
250.0 0.0 -50.0
Average Diesel Tax Under Alternative Pricing Mechanisms
400
(LCU/liter)
FPT HIST
350
300
250
200
150
100
50
0
Annual diesel taxes (in billions of LCU) = Average diesel tax per li
daily diesel consumption*365/1000
1.3. Average diesel tax per liter 1.4. Annual Diesel Taxes (LCU billion)
FPT Historical price FPT Historical price
2004 0.0 144.7

2005 0.0 183.9
2006 0.0 234.5
2007 0.0 246.5
2008 0.0 260.9
2009 0.0 213.2
2010 0.0 253.4
2011 0.0 297.6
2012 0.0 328.5
2013 0.0 335.3
2014 0.0 324.0
f LCU) = Average diesel tax per lite * Diesel tax revenue (in percent of GDP) = (Annual diesel taxes)/GDP
000
1.5. Diesel tax revenue (percent of GDP)
Diesel consumption FPT Historical price GDP (LCU billion)

(Million Liter per day)
10.0 2004 21050.0

10.4 2005 21663.7
11.3 2006 22381.6
12.0 2007 22785.5
12.7 2008 23174.5
13.1 2009 24128.8
14.1 2010 24612.6
15.2 2011 26027.1
16.3 2012 26655.4
17.1 2013 27378.8
18.1 2014 27294.8
FPT Historical price
Average (2004-14) #DIV/0! #DIV/0!
Foregone tax revenue #DIV/0!

(percent of GDP)
Diesel Tax Revenue Under Alternative Pricing Mechanisms
(Average 2004-14, percent of GDP)
1.6%
1.4%
1.2%
1.0%
FPT
0.8% Historical price
0.6%
0.4%
0.2%
0.0%
Average (2004-14)
-0.2%
Calculation of the Diesel Price Implied by the Price Band Method
Full pass-through price PB3 price Monthly change PB5 price

(LCU/liter) (=A+B+C)
2003m12 0.0 135.7 135.7

2004m1 0.0 131.6 -3.0% 128.9
2004m2 0.0 127.7 -3.0% 122.5
2004m3 0.0 123.8 -3.0% 116.3
2004m4 0.0 120.1 -3.0% 110.5
2004m5 0.0 116.5 -3.0% 105.0
2004m6 0.0 113.0 -3.0% 99.8
2004m7 0.0 109.6 -3.0% 94.8
2004m8 0.0 106.4 -3.0% 90.0
2004m9 0.0 103.2 -3.0% 85.5
2004m10 0.0 100.1 -3.0% 81.2
2004m11 0.0 97.1 -3.0% 77.2
2004m12 0.0 94.2 -3.0% 73.3
2005m1 0.0 91.3 -3.0% 69.7
2005m2 0.0 88.6 -3.0% 66.2
2005m3 0.0 85.9 -3.0% 62.9
2005m4 0.0 83.4 -3.0% 59.7
2005m5 0.0 80.9 -3.0% 56.7
2005m6 0.0 78.4 -3.0% 53.9
2005m7 0.0 76.1 -3.0% 51.2
2005m8 0.0 73.8 -3.0% 48.6
2005m9 0.0 71.6 -3.0% 46.2
2005m10 0.0 69.4 -3.0% 43.9
2005m11 0.0 67.3 -3.0% 41.7
2005m12 0.0 65.3 -3.0% 39.6
2006m1 0.0 63.4 -3.0% 37.6
2006m2 0.0 61.5 -3.0% 35.8
2006m3 0.0 59.6 -3.0% 34.0
2006m4 0.0 57.8 -3.0% 32.3
2006m5 0.0 56.1 -3.0% 30.7
2006m6 0.0 54.4 -3.0% 29.1
2006m7 0.0 52.8 -3.0% 27.7
2006m8 0.0 51.2 -3.0% 26.3
2006m9 0.0 49.7 -3.0% 25.0
2006m10 0.0 48.2 -3.0% 23.7
2006m11 0.0 46.7 -3.0% 22.5
2006m12 0.0 45.3 -3.0% 21.4
2007m1 0.0 44.0 -3.0% 20.3
2007m2 0.0 42.6 -3.0% 19.3
2007m3 0.0 41.4 -3.0% 18.4
2007m4 0.0 40.1 -3.0% 17.4
2007m5 0.0 38.9 -3.0% 16.6
2007m6 0.0 37.8 -3.0% 15.7
2007m7 0.0 36.6 -3.0% 15.0
2007m8 0.0 35.5 -3.0% 14.2
2007m9 0.0 34.5 -3.0% 13.5
2007m10 0.0 33.4 -3.0% 12.8
2007m11 0.0 32.4 -3.0% 12.2
2007m12 0.0 31.5 -3.0% 11.6
2008m1 0.0 30.5 -3.0% 11.0
2008m2 0.0 29.6 -3.0% 10.4
2008m3 0.0 28.7 -3.0% 9.9
2008m4 0.0 27.8 -3.0% 9.4
2008m5 0.0 27.0 -3.0% 9.0
2008m6 0.0 26.2 -3.0% 8.5
2008m7 0.0 25.4 -3.0% 8.1
2008m8 0.0 24.6 -3.0% 7.7
2008m9 0.0 23.9 -3.0% 7.3
2008m10 0.0 23.2 -3.0% 6.9
2008m11 0.0 22.5 -3.0% 6.6
2008m12 0.0 21.8 -3.0% 6.3
2009m1 0.0 21.2 -3.0% 5.9
2009m2 0.0 20.5 -3.0% 5.6
2009m3 0.0 19.9 -3.0% 5.4
2009m4 0.0 19.3 -3.0% 5.1
2009m5 0.0 18.7 -3.0% 4.8
2009m6 0.0 18.2 -3.0% 4.6
2009m7 0.0 17.6 -3.0% 4.4
2009m8 0.0 17.1 -3.0% 4.1
2009m9 0.0 16.6 -3.0% 3.9
2009m10 0.0 16.1 -3.0% 3.7
2009m11 0.0 15.6 -3.0% 3.6
2009m12 0.0 15.1 -3.0% 3.4
2010m1 0.0 14.7 -3.0% 3.2
2010m2 0.0 14.2 -3.0% 3.0
2010m3 0.0 13.8 -3.0% 2.9
2010m4 0.0 13.4 -3.0% 2.8
2010m5 0.0 13.0 -3.0% 2.6
2010m6 0.0 12.6 -3.0% 2.5
2010m7 0.0 12.2 -3.0% 2.4
2010m8 0.0 11.9 -3.0% 2.2
2010m9 0.0 11.5 -3.0% 2.1
2010m10 0.0 11.2 -3.0% 2.0
2010m11 0.0 10.8 -3.0% 1.9
2010m12 0.0 10.5 -3.0% 1.8
2011m1 0.0 10.2 -3.0% 1.7
2011m2 0.0 9.9 -3.0% 1.6
2011m3 0.0 9.6 -3.0% 1.6
2011m4 0.0 9.3 -3.0% 1.5
2011m5 0.0 9.0 -3.0% 1.4
2011m6 0.0 8.8 -3.0% 1.3
2011m7 0.0 8.5 -3.0% 1.3
2011m8 0.0 8.2 -3.0% 1.2
2011m9 0.0 8.0 -3.0% 1.2
2011m10 0.0 7.7 -3.0% 1.1
2011m11 0.0 7.5 -3.0% 1.0
2011m12 0.0 7.3 -3.0% 1.0
2012m1 0.0 7.1 -3.0% 0.9
2012m2 0.0 6.9 -3.0% 0.9
2012m3 0.0 6.7 -3.0% 0.8
2012m4 0.0 6.5 -3.0% 0.8
2012m5 0.0 6.3 -3.0% 0.8
2012m6 0.0 6.1 -3.0% 0.7
2012m7 0.0 5.9 -3.0% 0.7
2012m8 0.0 5.7 -3.0% 0.7
2012m9 0.0 5.5 -3.0% 0.6
2012m10 0.0 5.4 -3.0% 0.6
2012m11 0.0 5.2 -3.0% 0.6
2012m12 0.0 5.1 -3.0% 0.5
2013m1 0.0 4.9 -3.0% 0.5
2013m2 0.0 4.8 -3.0% 0.5
2013m3 0.0 4.6 -3.0% 0.5
2013m4 0.0 4.5 -3.0% 0.4
2013m5 0.0 4.3 -3.0% 0.4
2013m6 0.0 4.2 -3.0% 0.4
2013m7 0.0 4.1 -3.0% 0.4
2013m8 0.0 4.0 -3.0% 0.4
2013m9 0.0 3.8 -3.0% 0.3
2013m10 0.0 3.7 -3.0% 0.3
2013m11 0.0 3.6 -3.0% 0.3
2013m12 0.0 3.5 -3.0% 0.3
2014m1 0.0 3.4 -3.0% 0.3
2014m2 0.0 3.3 -3.0% 0.3
2014m3 0.0 3.2 -3.0% 0.2
2014m4 0.0 3.1 -3.0% 0.2
2014m5 0.0 3.0 -3.0% 0.2
2014m6 0.0 2.9 -3.0% 0.2
2014m7 0.0 2.8 -3.0% 0.2
2014m8 0.0 2.8 -3.0% 0.2
2014m9 0.0 2.7 -3.0% 0.2
2014m10 0.0 2.6 -3.0% 0.2
2014m11 0.0 2.5 -3.0% 0.2
2014m12 0.0 2.4 -3.0% 0.2
Price Band Method
Customized scenario
Price Band for Range =
Monthly change PB10 price Monthly change PB0 Implied Price
135.7 135.7
-5.0% 122.1 -10.0% 135.7
-5.0% 109.9 -10.0% 135.7
-5.0% 98.9 -10.0% 135.7
-5.0% 89.0 -10.0% 135.7
-5.0% 80.1 -10.0% 135.7
-5.0% 72.1 -10.0% 135.7
-5.0% 64.9 -10.0% 135.7
-5.0% 58.4 -10.0% 135.7
-5.0% 52.6 -10.0% 135.7
-5.0% 47.3 -10.0% 135.7
-5.0% 42.6 -10.0% 135.7
-5.0% 38.3 -10.0% 135.7
-5.0% 34.5 -10.0% 135.7
-5.0% 31.0 -10.0% 135.7
-5.0% 27.9 -10.0% 135.7
-5.0% 25.1 -10.0% 135.7
-5.0% 22.6 -10.0% 135.7
-5.0% 20.4 -10.0% 135.7
-5.0% 18.3 -10.0% 135.7
-5.0% 16.5 -10.0% 135.7
-5.0% 14.8 -10.0% 135.7
-5.0% 13.4 -10.0% 135.7
-5.0% 12.0 -10.0% 135.7
-5.0% 10.8 -10.0% 135.7
-5.0% 9.7 -10.0% 135.7
-5.0% 8.8 -10.0% 135.7
-5.0% 7.9 -10.0% 135.7
-5.0% 7.1 -10.0% 135.7
-5.0% 6.4 -10.0% 135.7
-5.0% 5.8 -10.0% 135.7
-5.0% 5.2 -10.0% 135.7
-5.0% 4.7 -10.0% 135.7
-5.0% 4.2 -10.0% 135.7
-5.0% 3.8 -10.0% 135.7
-5.0% 3.4 -10.0% 135.7
-5.0% 3.1 -10.0% 135.7
-5.0% 2.8 -10.0% 135.7
-5.0% 2.5 -10.0% 135.7
-5.0% 2.2 -10.0% 135.7
-5.0% 2.0 -10.0% 135.7
-5.0% 1.8 -10.0% 135.7
-5.0% 1.6 -10.0% 135.7
-5.0% 1.5 -10.0% 135.7
-5.0% 1.3 -10.0% 135.7
-5.0% 1.2 -10.0% 135.7
-5.0% 1.1 -10.0% 135.7
-5.0% 1.0 -10.0% 135.7
-5.0% 0.9 -10.0% 135.7
-5.0% 0.8 -10.0% 135.7
-5.0% 0.7 -10.0% 135.7
-5.0% 0.6 -10.0% 135.7
-5.0% 0.6 -10.0% 135.7
-5.0% 0.5 -10.0% 135.7
-5.0% 0.5 -10.0% 135.7
-5.0% 0.4 -10.0% 135.7
-5.0% 0.4 -10.0% 135.7
-5.0% 0.3 -10.0% 135.7
-5.0% 0.3 -10.0% 135.7
-5.0% 0.3 -10.0% 135.7
-5.0% 0.2 -10.0% 135.7
-5.0% 0.2 -10.0% 135.7
-5.0% 0.2 -10.0% 135.7
-5.0% 0.2 -10.0% 135.7
-5.0% 0.2 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.1 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
-5.0% 0.0 -10.0% 135.7
omized scenario Enter here the price band
percent value
0
Monhly change
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Table 2.1. Assessing Price Volatility (2004-2014)
FPT HIST PB3 PB5 PB10
1.a. Standard Dev. of Price 0.0 60.5 34.1 30.3 22.6
1.c. Largest month increase 0.0 19.6 0.1 0.0 0.0

FPT HIST PB3 PB5 PB10 FPT HIST PB3
2003m12 0.0 135.7 135.7 135.7 135.7
2004m1 0.0 135.7 131.6 128.9 122.1 0.0 0.0 -4.1
2004m2 0.0 131.7 127.7 122.5 109.9 0.0 -4.0 -3.9
2004m3 0.0 131.7 123.8 116.3 98.9 0.0 0.0 -3.8
2004m4 0.0 131.7 120.1 110.5 89.0 0.0 0.0 -3.7
2004m5 0.0 150.7 116.5 105.0 80.1 0.0 19.0 -3.6
2004m6 0.0 150.7 113.0 99.8 72.1 0.0 0.0 -3.5
2004m7 0.0 150.7 109.6 94.8 64.9 0.0 0.0 -3.4
2004m8 0.0 150.7 106.4 90.0 58.4 0.0 0.0 -3.3
2004m9 0.0 150.7 103.2 85.5 52.6 0.0 0.0 -3.2
2004m10 0.0 150.7 100.1 81.2 47.3 0.0 0.0 -3.1
2004m11 0.0 150.7 97.1 77.2 42.6 0.0 0.0 -3.0
2004m12 0.0 150.7 94.2 73.3 38.3 0.0 0.0 -2.9
2005m1 0.0 150.7 91.3 69.7 34.5 0.0 0.0 -2.8
2005m2 0.0 170.2 88.6 66.2 31.0 0.0 19.5 -2.7
2005m3 0.0 170.2 85.9 62.9 27.9 0.0 0.0 -2.7
2005m4 0.0 170.2 83.4 59.7 25.1 0.0 0.0 -2.6
2005m5 0.0 170.2 80.9 56.7 22.6 0.0 0.0 -2.5
2005m6 0.0 185.0 78.4 53.9 20.4 0.0 14.8 -2.4
2005m7 0.0 185.0 76.1 51.2 18.3 0.0 0.0 -2.4
2005m8 0.0 185.0 73.8 48.6 16.5 0.0 0.0 -2.3
2005m9 0.0 201.3 71.6 46.2 14.8 0.0 16.3 -2.2
2005m10 0.0 201.3 69.4 43.9 13.4 0.0 0.0 -2.1
2005m11 0.0 201.3 67.3 41.7 12.0 0.0 0.0 -2.1
2005m12 0.0 216.6 65.3 39.6 10.8 0.0 15.3 -2.0
2006m1 0.0 216.6 63.4 37.6 9.7 0.0 0.0 -2.0
2006m2 0.0 225.2 61.5 35.8 8.8 0.0 8.6 -1.9
2006m3 0.0 225.2 59.6 34.0 7.9 0.0 0.0 -1.8
2006m4 0.0 225.2 57.8 32.3 7.1 0.0 0.0 -1.8
2006m5 0.0 242.2 56.1 30.7 6.4 0.0 17.1 -1.7
2006m6 0.0 241.5 54.4 29.1 5.8 0.0 -0.7 -1.7
2006m7 0.0 241.5 52.8 27.7 5.2 0.0 0.0 -1.6
2006m8 0.0 241.5 51.2 26.3 4.7 0.0 0.0 -1.6
2006m9 0.0 241.5 49.7 25.0 4.2 0.0 0.0 -1.5
2006m10 0.0 241.5 48.2 23.7 3.8 0.0 0.0 -1.5
2006m11 0.0 236.2 46.7 22.5 3.4 0.0 -5.4 -1.4
2006m12 0.0 236.2 45.3 21.4 3.1 0.0 0.0 -1.4
2007m1 0.0 236.2 44.0 20.3 2.8 0.0 0.0 -1.4
2007m2 0.0 236.2 42.6 19.3 2.5 0.0 0.0 -1.3
2007m3 0.0 247.3 41.4 18.4 2.2 0.0 11.1 -1.3
2007m4 0.0 247.3 40.1 17.4 2.0 0.0 0.0 -1.2
2007m5 0.0 247.3 38.9 16.6 1.8 0.0 0.0 -1.2
2007m6 0.0 252.4 37.8 15.7 1.6 0.0 5.1 -1.2
2007m7 0.0 242.8 36.6 15.0 1.5 0.0 -9.5 -1.1
2007m8 0.0 242.8 35.5 14.2 1.3 0.0 0.0 -1.1
2007m9 0.0 242.8 34.5 13.5 1.2 0.0 0.0 -1.1
2007m10 0.0 242.8 33.4 12.8 1.1 0.0 0.0 -1.0
2007m11 0.0 260.4 32.4 12.2 1.0 0.0 17.6 -1.0
2007m12 0.0 260.4 31.5 11.6 0.9 0.0 0.0 -1.0
2008m1 0.0 260.4 30.5 11.0 0.8 0.0 0.0 -0.9
2008m2 0.0 260.4 29.6 10.4 0.7 0.0 0.0 -0.9
2008m3 0.0 260.4 28.7 9.9 0.6 0.0 0.0 -0.9
2008m4 0.0 260.4 27.8 9.4 0.6 0.0 0.0 -0.9
2008m5 0.0 260.4 27.0 9.0 0.5 0.0 0.0 -0.8
2008m6 0.0 280.0 26.2 8.5 0.5 0.0 19.6 -0.8
2008m7 0.0 285.0 25.4 8.1 0.4 0.0 5.0 -0.8
2008m8 0.0 285.0 24.6 7.7 0.4 0.0 0.0 -0.8
2008m9 0.0 285.0 23.9 7.3 0.3 0.0 0.0 -0.7
2008m10 0.0 231.2 23.2 6.9 0.3 0.0 -53.8 -0.7
2008m11 0.0 231.2 22.5 6.6 0.3 0.0 0.0 -0.7
2008m12 0.0 231.2 21.8 6.3 0.2 0.0 0.0 -0.7
2009m1 0.0 231.2 21.2 5.9 0.2 0.0 0.0 -0.7
2009m2 0.0 221.0 20.5 5.6 0.2 0.0 -10.2 -0.6
2009m3 0.0 221.0 19.9 5.4 0.2 0.0 0.0 -0.6
2009m4 0.0 205.0 19.3 5.1 0.2 0.0 -16.0 -0.6
2009m5 0.0 205.0 18.7 4.8 0.1 0.0 0.0 -0.6
2009m6 0.0 205.0 18.2 4.6 0.1 0.0 0.0 -0.6
2009m7 0.0 205.0 17.6 4.4 0.1 0.0 0.0 -0.5
2009m8 0.0 205.0 17.1 4.1 0.1 0.0 0.0 -0.5
2009m9 0.0 205.0 16.6 3.9 0.1 0.0 0.0 -0.5
2009m10 0.0 215.2 16.1 3.7 0.1 0.0 10.2 -0.5
2009m11 0.0 215.2 15.6 3.6 0.1 0.0 0.0 -0.5
2009m12 0.0 225.4 15.1 3.4 0.1 0.0 10.2 -0.5
2010m1 0.0 228.6 14.7 3.2 0.1 0.0 3.1 -0.5
2010m2 0.0 228.6 14.2 3.0 0.1 0.0 0.0 -0.4
2010m3 0.0 235.0 13.8 2.9 0.1 0.0 6.4 -0.4
2010m4 0.0 252.9 13.4 2.8 0.0 0.0 17.9 -0.4
2010m5 0.0 252.9 13.0 2.6 0.0 0.0 0.0 -0.4
2010m6 0.0 252.9 12.6 2.5 0.0 0.0 0.0 -0.4
2010m7 0.0 259.3 12.2 2.4 0.0 0.0 6.4 -0.4
2010m8 0.0 259.3 11.9 2.2 0.0 0.0 0.0 -0.4
2010m9 0.0 259.3 11.5 2.1 0.0 0.0 0.0 -0.4
2010m10 0.0 264.5 11.2 2.0 0.0 0.0 5.2 -0.3
2010m11 0.0 270.1 10.8 1.9 0.0 0.0 5.6 -0.3
2010m12 0.0 277.5 10.5 1.8 0.0 0.0 7.4 -0.3
2011m1 0.0 280.1 10.2 1.7 0.0 0.0 2.6 -0.3
2011m2 0.0 280.1 9.9 1.6 0.0 0.0 0.0 -0.3
2011m3 0.0 287.1 9.6 1.6 0.0 0.0 7.0 -0.3
2011m4 0.0 287.1 9.3 1.5 0.0 0.0 0.0 -0.3
2011m5 0.0 292.8 9.0 1.4 0.0 0.0 5.6 -0.3
2011m6 0.0 298.1 8.8 1.3 0.0 0.0 5.3 -0.3
2011m7 0.0 303.1 8.5 1.3 0.0 0.0 5.0 -0.3
2011m8 0.0 303.1 8.2 1.2 0.0 0.0 0.0 -0.3
2011m9 0.0 306.2 8.0 1.2 0.0 0.0 3.1 -0.2
2011m10 0.0 309.4 7.7 1.1 0.0 0.0 3.1 -0.2
2011m11 0.0 309.4 7.5 1.0 0.0 0.0 0.0 -0.2
2011m12 0.0 314.8 7.3 1.0 0.0 0.0 5.4 -0.2
2012m1 0.0 316.8 7.1 0.9 0.0 0.0 2.0 -0.2
2012m2 0.0 316.8 6.9 0.9 0.0 0.0 0.0 -0.2
2012m3 0.0 325.6 6.7 0.8 0.0 0.0 8.8 -0.2
2012m4 0.0 325.6 6.5 0.8 0.0 0.0 0.0 -0.2
2012m5 0.0 329.4 6.3 0.8 0.0 0.0 3.8 -0.2
2012m6 0.0 329.4 6.1 0.7 0.0 0.0 0.0 -0.2
2012m7 0.0 332.6 5.9 0.7 0.0 0.0 3.1 -0.2
2012m8 0.0 332.6 5.7 0.7 0.0 0.0 0.0 -0.2
2012m9 0.0 333.3 5.5 0.6 0.0 0.0 0.8 -0.2
2012m10 0.0 333.3 5.4 0.6 0.0 0.0 0.0 -0.2
2012m11 0.0 333.3 5.2 0.6 0.0 0.0 0.0 -0.2
2012m12 0.0 333.3 5.1 0.5 0.0 0.0 0.0 -0.2
2013m1 0.0 333.3 4.9 0.5 0.0 0.0 0.0 -0.2
2013m2 0.0 335.2 4.8 0.5 0.0 0.0 1.8 -0.1
2013m3 0.0 335.2 4.6 0.5 0.0 0.0 0.0 -0.1
2013m4 0.0 335.2 4.5 0.4 0.0 0.0 0.0 -0.1
2013m5 0.0 335.2 4.3 0.4 0.0 0.0 0.0 -0.1
2013m6 0.0 335.2 4.2 0.4 0.0 0.0 0.0 -0.1
2013m7 0.0 335.2 4.1 0.4 0.0 0.0 0.0 -0.1
2013m8 0.0 335.2 4.0 0.4 0.0 0.0 0.0 -0.1
2013m9 0.0 335.9 3.8 0.3 0.0 0.0 0.7 -0.1
2013m10 0.0 335.9 3.7 0.3 0.0 0.0 0.0 -0.1
2013m11 0.0 335.9 3.6 0.3 0.0 0.0 0.0 -0.1
2013m12 0.0 335.9 3.5 0.3 0.0 0.0 0.0 -0.1
2014m1 0.0 335.9 3.4 0.3 0.0 0.0 0.0 -0.1
2014m2 0.0 335.9 3.3 0.3 0.0 0.0 0.0 -0.1
2014m3 0.0 335.9 3.2 0.2 0.0 0.0 0.0 -0.1
2014m4 0.0 335.9 3.1 0.2 0.0 0.0 0.0 -0.1
2014m5 0.0 335.9 3.0 0.2 0.0 0.0 0.0 -0.1
2014m6 0.0 335.9 2.9 0.2 0.0 0.0 0.0 -0.1
2014m7 0.0 336.0 2.8 0.2 0.0 0.0 0.2 -0.1
2014m8 0.0 336.0 2.8 0.2 0.0 0.0 0.0 -0.1
2014m9 0.0 336.0 2.7 0.2 0.0 0.0 0.0 -0.1
2014m10 0.0 315.0 2.6 0.2 0.0 0.0 -21.0 -0.1
2014m11 0.0 300.0 2.5 0.2 0.0 0.0 -15.0 -0.1
2014m12 0.0 250.0 2.4 0.2 0.0 0.0 -50.0 -0.1
PB5 PB10
-6.8 -13.6
-6.4 -12.2
-6.1 -11.0
-5.8 -9.9
-5.5 -8.9
-5.3 -8.0
-5.0 -7.2
-4.7 -6.5
-4.5 -5.8
-4.3 -5.3
-4.1 -4.7
-3.9 -4.3
-3.7 -3.8
-3.5 -3.4
-3.3 -3.1
-3.1 -2.8
-3.0 -2.5
-2.8 -2.3
-2.7 -2.0
-2.6 -1.8
-2.4 -1.6
-2.3 -1.5
-2.2 -1.3
-2.1 -1.2
-2.0 -1.1
-1.9 -1.0
-1.8 -0.9
-1.7 -0.8
-1.6 -0.7
-1.5 -0.6
-1.5 -0.6
-1.4 -0.5
-1.3 -0.5
-1.2 -0.4
-1.2 -0.4
-1.1 -0.3
-1.1 -0.3
-1.0 -0.3
-1.0 -0.2
-0.9 -0.2
-0.9 -0.2
-0.8 -0.2
-0.8 -0.2
-0.7 -0.1
-0.7 -0.1
-0.7 -0.1
-0.6 -0.1
-0.6 -0.1
-0.6 -0.1
-0.5 -0.1
-0.5 -0.1
-0.5 -0.1
-0.5 -0.1
-0.4 -0.1
-0.4 0.0
-0.4 0.0
-0.4 0.0
-0.4 0.0
-0.3 0.0
-0.3 0.0
-0.3 0.0
-0.3 0.0
-0.3 0.0
-0.3 0.0
-0.3 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.2 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
-0.1 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
400
(LCU/liter)
350
300
250
200
150
100
50
Table 2.2. Assessing Tax Volatility (2004-2014)
2.a. Standard Dev. of Taxes 0.0 60.5 34.1 30.3 22.6
2.c. Largest month decrease 0.0 53.8 3.9 6.4 12.2

Year Month FPT HIST PB3 PB5 PB10 FPT HIST
2003 2003m12 0.0 135.7 135.7 135.7 135.7
2004 2004m1 0.0 135.7 131.6 128.9 122.1 0.0 0.0
2004 2004m2 0.0 131.7 127.7 122.5 109.9 0.0 -4.0
2004 2004m3 0.0 131.7 123.8 116.3 98.9 0.0 0.0
2004 2004m4 0.0 131.7 120.1 110.5 89.0 0.0 0.0
2004 2004m5 0.0 150.7 116.5 105.0 80.1 0.0 19.0
2004 2004m6 0.0 150.7 113.0 99.8 72.1 0.0 0.0
2004 2004m7 0.0 150.7 109.6 94.8 64.9 0.0 0.0
2004 2004m8 0.0 150.7 106.4 90.0 58.4 0.0 0.0
2004 2004m9 0.0 150.7 103.2 85.5 52.6 0.0 0.0
2004 2004m10 0.0 150.7 100.1 81.2 47.3 0.0 0.0
2004 2004m11 0.0 150.7 97.1 77.2 42.6 0.0 0.0
2004 2004m12 0.0 150.7 94.2 73.3 38.3 0.0 0.0
2005 2005m1 0.0 150.7 91.3 69.7 34.5 0.0 0.0
2005 2005m2 0.0 170.2 88.6 66.2 31.0 0.0 19.5
2005 2005m3 0.0 170.2 85.9 62.9 27.9 0.0 0.0
2005 2005m4 0.0 170.2 83.4 59.7 25.1 0.0 0.0
2005 2005m5 0.0 170.2 80.9 56.7 22.6 0.0 0.0
2005 2005m6 0.0 185.0 78.4 53.9 20.4 0.0 14.8
2005 2005m7 0.0 185.0 76.1 51.2 18.3 0.0 0.0
2005 2005m8 0.0 185.0 73.8 48.6 16.5 0.0 0.0
2005 2005m9 0.0 201.3 71.6 46.2 14.8 0.0 16.3
2005 2005m10 0.0 201.3 69.4 43.9 13.4 0.0 0.0
2005 2005m11 0.0 201.3 67.3 41.7 12.0 0.0 0.0
2005 2005m12 0.0 216.6 65.3 39.6 10.8 0.0 15.3
2006 2006m1 0.0 216.6 63.4 37.6 9.7 0.0 0.0
2006 2006m2 0.0 225.2 61.5 35.8 8.8 0.0 8.6
2006 2006m3 0.0 225.2 59.6 34.0 7.9 0.0 0.0
2006 2006m4 0.0 225.2 57.8 32.3 7.1 0.0 0.0
2006 2006m5 0.0 242.2 56.1 30.7 6.4 0.0 17.1
2006 2006m6 0.0 241.5 54.4 29.1 5.8 0.0 -0.7
2006 2006m7 0.0 241.5 52.8 27.7 5.2 0.0 0.0
2006 2006m8 0.0 241.5 51.2 26.3 4.7 0.0 0.0
2006 2006m9 0.0 241.5 49.7 25.0 4.2 0.0 0.0
2006 2006m10 0.0 241.5 48.2 23.7 3.8 0.0 0.0
2006 2006m11 0.0 236.2 46.7 22.5 3.4 0.0 -5.4
2006 2006m12 0.0 236.2 45.3 21.4 3.1 0.0 0.0
2007 2007m1 0.0 236.2 44.0 20.3 2.8 0.0 0.0
2007 2007m2 0.0 236.2 42.6 19.3 2.5 0.0 0.0
2007 2007m3 0.0 247.3 41.4 18.4 2.2 0.0 11.1
2007 2007m4 0.0 247.3 40.1 17.4 2.0 0.0 0.0
2007 2007m5 0.0 247.3 38.9 16.6 1.8 0.0 0.0
2007 2007m6 0.0 252.4 37.8 15.7 1.6 0.0 5.1
2007 2007m7 0.0 242.8 36.6 15.0 1.5 0.0 -9.5
2007 2007m8 0.0 242.8 35.5 14.2 1.3 0.0 0.0
2007 2007m9 0.0 242.8 34.5 13.5 1.2 0.0 0.0
2007 2007m10 0.0 242.8 33.4 12.8 1.1 0.0 0.0
2007 2007m11 0.0 260.4 32.4 12.2 1.0 0.0 17.6
2007 2007m12 0.0 260.4 31.5 11.6 0.9 0.0 0.0
2008 2008m1 0.0 260.4 30.5 11.0 0.8 0.0 0.0
2008 2008m2 0.0 260.4 29.6 10.4 0.7 0.0 0.0
2008 2008m3 0.0 260.4 28.7 9.9 0.6 0.0 0.0
2008 2008m4 0.0 260.4 27.8 9.4 0.6 0.0 0.0
2008 2008m5 0.0 260.4 27.0 9.0 0.5 0.0 0.0
2008 2008m6 0.0 280.0 26.2 8.5 0.5 0.0 19.6
2008 2008m7 0.0 285.0 25.4 8.1 0.4 0.0 5.0
2008 2008m8 0.0 285.0 24.6 7.7 0.4 0.0 0.0
2008 2008m9 0.0 285.0 23.9 7.3 0.3 0.0 0.0
2008 2008m10 0.0 231.2 23.2 6.9 0.3 0.0 -53.8
2008 2008m11 0.0 231.2 22.5 6.6 0.3 0.0 0.0
2008 2008m12 0.0 231.2 21.8 6.3 0.2 0.0 0.0
2009 2009m1 0.0 231.2 21.2 5.9 0.2 0.0 0.0
2009 2009m2 0.0 221.0 20.5 5.6 0.2 0.0 -10.2
2009 2009m3 0.0 221.0 19.9 5.4 0.2 0.0 0.0
2009 2009m4 0.0 205.0 19.3 5.1 0.2 0.0 -16.0
2009 2009m5 0.0 205.0 18.7 4.8 0.1 0.0 0.0
2009 2009m6 0.0 205.0 18.2 4.6 0.1 0.0 0.0
2009 2009m7 0.0 205.0 17.6 4.4 0.1 0.0 0.0
2009 2009m8 0.0 205.0 17.1 4.1 0.1 0.0 0.0
2009 2009m9 0.0 205.0 16.6 3.9 0.1 0.0 0.0
2009 2009m10 0.0 215.2 16.1 3.7 0.1 0.0 10.2
2009 2009m11 0.0 215.2 15.6 3.6 0.1 0.0 0.0
2009 2009m12 0.0 225.4 15.1 3.4 0.1 0.0 10.2
2010 2010m1 0.0 228.6 14.7 3.2 0.1 0.0 3.1
2010 2010m2 0.0 228.6 14.2 3.0 0.1 0.0 0.0
2010 2010m3 0.0 235.0 13.8 2.9 0.1 0.0 6.4
2010 2010m4 0.0 252.9 13.4 2.8 0.0 0.0 17.9
2010 2010m5 0.0 252.9 13.0 2.6 0.0 0.0 0.0
2010 2010m6 0.0 252.9 12.6 2.5 0.0 0.0 0.0
2010 2010m7 0.0 259.3 12.2 2.4 0.0 0.0 6.4
2010 2010m8 0.0 259.3 11.9 2.2 0.0 0.0 0.0
2010 2010m9 0.0 259.3 11.5 2.1 0.0 0.0 0.0
2010 2010m10 0.0 264.5 11.2 2.0 0.0 0.0 5.2
2010 2010m11 0.0 270.1 10.8 1.9 0.0 0.0 5.6
2010 2010m12 0.0 277.5 10.5 1.8 0.0 0.0 7.4
2011 2011m1 0.0 280.1 10.2 1.7 0.0 0.0 2.6
2011 2011m2 0.0 280.1 9.9 1.6 0.0 0.0 0.0
2011 2011m3 0.0 287.1 9.6 1.6 0.0 0.0 7.0
2011 2011m4 0.0 287.1 9.3 1.5 0.0 0.0 0.0
2011 2011m5 0.0 292.8 9.0 1.4 0.0 0.0 5.6
2011 2011m6 0.0 298.1 8.8 1.3 0.0 0.0 5.3
2011 2011m7 0.0 303.1 8.5 1.3 0.0 0.0 5.0
2011 2011m8 0.0 303.1 8.2 1.2 0.0 0.0 0.0
2011 2011m9 0.0 306.2 8.0 1.2 0.0 0.0 3.1
2011 2011m10 0.0 309.4 7.7 1.1 0.0 0.0 3.1
2011 2011m11 0.0 309.4 7.5 1.0 0.0 0.0 0.0
2011 2011m12 0.0 314.8 7.3 1.0 0.0 0.0 5.4
2012 2012m1 0.0 316.8 7.1 0.9 0.0 0.0 2.0
2012 2012m2 0.0 316.8 6.9 0.9 0.0 0.0 0.0
2012 2012m3 0.0 325.6 6.7 0.8 0.0 0.0 8.8
2012 2012m4 0.0 325.6 6.5 0.8 0.0 0.0 0.0
2012 2012m5 0.0 329.4 6.3 0.8 0.0 0.0 3.8
2012 2012m6 0.0 329.4 6.1 0.7 0.0 0.0 0.0
2012 2012m7 0.0 332.6 5.9 0.7 0.0 0.0 3.1
2012 2012m8 0.0 332.6 5.7 0.7 0.0 0.0 0.0
2012 2012m9 0.0 333.3 5.5 0.6 0.0 0.0 0.8
2012 2012m10 0.0 333.3 5.4 0.6 0.0 0.0 0.0
2012 2012m11 0.0 333.3 5.2 0.6 0.0 0.0 0.0
2012 2012m12 0.0 333.3 5.1 0.5 0.0 0.0 0.0
2013 2013m1 0.0 333.3 4.9 0.5 0.0 0.0 0.0
2013 2013m2 0.0 335.2 4.8 0.5 0.0 0.0 1.8
2013 2013m3 0.0 335.2 4.6 0.5 0.0 0.0 0.0
2013 2013m4 0.0 335.2 4.5 0.4 0.0 0.0 0.0
2013 2013m5 0.0 335.2 4.3 0.4 0.0 0.0 0.0
2013 2013m6 0.0 335.2 4.2 0.4 0.0 0.0 0.0
2013 2013m7 0.0 335.2 4.1 0.4 0.0 0.0 0.0
2013 2013m8 0.0 335.2 4.0 0.4 0.0 0.0 0.0
2013 2013m9 0.0 335.9 3.8 0.3 0.0 0.0 0.7
2013 2013m10 0.0 335.9 3.7 0.3 0.0 0.0 0.0
2013 2013m11 0.0 335.9 3.6 0.3 0.0 0.0 0.0
2013 2013m12 0.0 335.9 3.5 0.3 0.0 0.0 0.0
2014 2014m1 0.0 335.9 3.4 0.3 0.0 0.0 0.0
2014 2014m2 0.0 335.9 3.3 0.3 0.0 0.0 0.0
2014 2014m3 0.0 335.9 3.2 0.2 0.0 0.0 0.0
2014 2014m4 0.0 335.9 3.1 0.2 0.0 0.0 0.0
2014 2014m5 0.0 335.9 3.0 0.2 0.0 0.0 0.0
2014 2014m6 0.0 335.9 2.9 0.2 0.0 0.0 0.0
2014 2014m7 0.0 336.0 2.8 0.2 0.0 0.0 0.2
2014 2014m8 0.0 336.0 2.8 0.2 0.0 0.0 0.0
2014 2014m9 0.0 336.0 2.7 0.2 0.0 0.0 0.0
2014 2014m10 0.0 315.0 2.6 0.2 0.0 0.0 -21.0
2014 2014m11 0.0 300.0 2.5 0.2 0.0 0.0 -15.0
2014 2014m12 0.0 250.0 2.4 0.2 0.0 0.0 -50.0
PB3 PB5 PB10
-4.1 -6.8 -13.6

-3.9 -6.4 -12.2
-3.8 -6.1 -11.0
-3.7 -5.8 -9.9
-3.6 -5.5 -8.9
-3.5 -5.3 -8.0
-3.4 -5.0 -7.2
-3.3 -4.7 -6.5
-3.2 -4.5 -5.8
-3.1 -4.3 -5.3
-3.0 -4.1 -4.7
-2.9 -3.9 -4.3
-2.8 -3.7 -3.8
-2.7 -3.5 -3.4
-2.7 -3.3 -3.1
-2.6 -3.1 -2.8
-2.5 -3.0 -2.5
-2.4 -2.8 -2.3
-2.4 -2.7 -2.0
-2.3 -2.6 -1.8
-2.2 -2.4 -1.6
-2.1 -2.3 -1.5
-2.1 -2.2 -1.3
-2.0 -2.1 -1.2
-2.0 -2.0 -1.1
-1.9 -1.9 -1.0
-1.8 -1.8 -0.9
-1.8 -1.7 -0.8
-1.7 -1.6 -0.7
-1.7 -1.5 -0.6
-1.6 -1.5 -0.6
-1.6 -1.4 -0.5
-1.5 -1.3 -0.5
-1.5 -1.2 -0.4
-1.4 -1.2 -0.4
-1.4 -1.1 -0.3
-1.4 -1.1 -0.3
-1.3 -1.0 -0.3
-1.3 -1.0 -0.2
-1.2 -0.9 -0.2
-1.2 -0.9 -0.2
-1.2 -0.8 -0.2
-1.1 -0.8 -0.2
-1.1 -0.7 -0.1
-1.1 -0.7 -0.1
-1.0 -0.7 -0.1
-1.0 -0.6 -0.1
-1.0 -0.6 -0.1
-0.9 -0.6 -0.1
-0.9 -0.5 -0.1
-0.9 -0.5 -0.1
-0.9 -0.5 -0.1
-0.8 -0.5 -0.1
-0.8 -0.4 -0.1
-0.8 -0.4 0.0
-0.8 -0.4 0.0
-0.7 -0.4 0.0
-0.7 -0.4 0.0
-0.7 -0.3 0.0
-0.7 -0.3 0.0
-0.7 -0.3 0.0
-0.6 -0.3 0.0
-0.6 -0.3 0.0
-0.6 -0.3 0.0
-0.6 -0.3 0.0
-0.6 -0.2 0.0
-0.5 -0.2 0.0
-0.5 -0.2 0.0
-0.5 -0.2 0.0
-0.5 -0.2 0.0
-0.5 -0.2 0.0
-0.5 -0.2 0.0
-0.5 -0.2 0.0
-0.4 -0.2 0.0
-0.4 -0.2 0.0
-0.4 -0.1 0.0
-0.4 -0.1 0.0
-0.4 -0.1 0.0
-0.4 -0.1 0.0
-0.4 -0.1 0.0
-0.4 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.3 -0.1 0.0
-0.2 -0.1 0.0
-0.2 -0.1 0.0
-0.2 -0.1 0.0
-0.2 -0.1 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.2 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
-0.1 0.0 0.0
400
(LCU/liter)
350
300
250
200
150
100
50
0
Annual diesel taxes (in billions of LCU) = Aver
diesel tax per lite * daily diesel
consumption*365/1000
FPT Historical PB3 PB5 PB10 FPT Historical PB3

price price
2004 0.0 144.7 111.9 98.8 73.0 0.0 528.2

2005 0.0 183.9 77.7 53.4 20.6 0.0 700.9
2006 0.0 234.5 53.9 28.8 5.8 0.0 968.8
2007 0.0 246.5 37.4 15.6 1.6 0.0 1077.5
2008 0.0 260.9 25.9 8.4 0.5 0.0 1206.2
2009 0.0 213.2 18.0 4.5 0.1 0.0 1016.5
2010 0.0 253.4 12.5 2.5 0.0 0.0 1305.8
2011 0.0 297.6 8.7 1.3 0.0 0.0 1651.7
2012 0.0 328.5 6.0 0.7 0.0 0.0 1952.7
2013 0.0 335.3 4.2 0.4 0.0 0.0 2094.4
2014 0.0 324.0 2.9 0.2 0.0 0.0 2137.6
(in billions of LCU) = Average
aily diesel Diesel tax revenue (in percent of GDP) = (Annual diesel taxes)/GD
000
Diesel Taxes (LCU billion) 2.5. Diesel tax revenue (percent of GDP)
Diesel consumption
PB5 PB10 (Million Liter per FPT Historical PB3
price
day)
10.0 2004 0.0% 2.5%

10.4 2005 0.0% 3.2%
11.3 2006 0.0% 4.3%
12.0 2007 0.0% 4.7%
12.7 2008 0.0% 5.2%
13.1 2009 0.0% 4.2%
14.1 2010 0.0% 5.3%
15.2 2011 0.0% 6.3%
16.3 2012 0.0% 7.3%
17.1 2013 0.0% 7.6%
18.1 2014 0.0% 7.8%
Historical
FPT PB3
price
Average
(2004-14) 0.0% 5.3% #DIV/0!
DP) = (Annual diesel taxes)/GDP
e (percent of GDP)
PB5 PB10 GDP (LCU billion)
21050.0
21663.7
22381.6
22785.5
23174.5
24128.8
24612.6
26027.1
26655.4
27378.8
27294.8
PB5 PB10
#DIV/0! #DIV/0!
5.3%
1.6%
1.4%
1.2%
FPT
1.0%
Historical price
PB3
0.8%
PB5
0.6% PB10
0.4%
0.2%
0.0%
0.0% Average (2004-14)
-0.2%
Calculation of the Diesel Price - Moving average method - 2 month
Import price Avg. Import prices of last 2 Freight margin

(USD/liter) months (USD/liter) (US$ 0.1 / liter)
2003m1 0.24
2003m2 0.28 0.26 0.10
2003m3 0.27 0.28 0.10
2003m4 0.22 0.24 0.10
2003m5 0.21 0.21 0.10
2003m6 0.22 0.21 0.10
2003m7 0.24 0.23 0.10
2003m8 0.26 0.25 0.10
2003m9 0.22 0.24 0.10
2003m10 0.24 0.23 0.10
2003m11 0.25 0.24 0.10
2003m12 0.26 0.25 0.10
2004m1 0.26 0.26 0.10
2004m2 0.31 0.28 0.10
2004m3 0.30 0.30 0.10
2004m4 0.38 0.34 0.10
2004m5 0.37 0.38 0.10
2004m6 0.31 0.34 0.10
2004m7 0.35 0.33 0.10
2004m8 0.36 0.35 0.10
2004m9 0.38 0.37 0.10
2004m10 0.43 0.41 0.10
2004m11 0.39 0.41 0.10
2004m12 0.33 0.36 0.10
2005m1 0.34 0.34 0.10
2005m2 0.40 0.37 0.10
2005m3 0.45 0.42 0.10
2005m4 0.47 0.46 0.10
2005m5 0.42 0.45 0.10
2005m6 0.45 0.44 0.10
2005m7 0.48 0.47 0.10
2005m8 0.56 0.52 0.10
2005m9 0.59 0.58 0.10
2005m10 0.58 0.58 0.10
2005m11 0.46 0.52 0.10
2005m12 0.46 0.46 0.10
2006m1 0.51 0.49 0.10
2006m2 0.50 0.51 0.10
2006m3 0.53 0.51 0.10
2006m4 0.60 0.56 0.10
2006m5 0.63 0.62 0.10
2006m6 0.60 0.62 0.10
2006m7 0.58 0.59 0.10
2006m8 0.61 0.60 0.10
2006m9 0.52 0.57 0.10
2006m10 0.48 0.50 0.10
2006m11 0.50 0.49 0.10
2006m12 0.53 0.52 0.10
2007m1 0.48 0.51 0.10
2007m2 0.53 0.51 0.10
2007m3 0.54 0.53 0.10
2007m4 0.58 0.56 0.10
2007m5 0.56 0.57 0.10
2007m6 0.59 0.58 0.10
2007m7 0.61 0.60 0.10
2007m8 0.57 0.59 0.10
2007m9 0.60 0.59 0.10
2007m10 0.66 0.63 0.10
2007m11 0.72 0.69 0.10
2007m12 0.68 0.70 0.10
2008m1 0.67 0.68 0.10
2008m2 0.73 0.70 0.10
2008m3 0.83 0.78 0.10
2008m4 0.89 0.86 0.10
2008m5 1.00 0.95 0.10
2008m6 1.03 1.02 0.10
2008m7 1.02 1.02 0.10
2008m8 0.85 0.94 0.10
2008m9 0.79 0.82 0.10
2008m10 0.59 0.69 0.10
2008m11 0.47 0.53 0.10
2008m12 0.35 0.41 0.10
2009m1 0.38 0.37 0.10
2009m2 0.34 0.36 0.10
2009m3 0.34 0.34 0.10
2009m4 0.38 0.36 0.10
2009m5 0.40 0.39 0.10
2009m6 0.49 0.45 0.10
2009m7 0.46 0.47 0.10
2009m8 0.51 0.49 0.10
2009m9 0.48 0.50 0.10
2009m10 0.52 0.50 0.10
2009m11 0.54 0.53 0.10
2009m12 0.53 0.53 0.10
2010m1 0.54 0.53 0.10
2010m2 0.53 0.54 0.10
2010m3 0.57 0.55 0.10
2010m4 0.61 0.59 0.10
2010m5 0.56 0.59 0.10
2010m6 0.57 0.56 0.10
2010m7 0.56 0.56 0.10
2010m8 0.57 0.56 0.10
2010m9 0.58 0.57 0.10
2010m10 0.62 0.60 0.10
2010m11 0.63 0.62 0.10
2010m12 0.66 0.65 0.10
2011m1 0.69 0.68 0.10
2011m2 0.75 0.72 0.10
2011m3 0.85 0.80 0.10
2011m4 0.89 0.87 0.10
2011m5 0.83 0.86 0.10
2011m6 0.81 0.82 0.10
2011m7 0.82 0.82 0.10
2011m8 0.78 0.80 0.10
2011m9 0.80 0.79 0.10
2011m10 0.82 0.81 0.10
2011m11 0.84 0.83 0.10
2011m12 0.77 0.81 0.10
2012m1 0.82 0.79 0.10
2012m2 0.86 0.84 0.10
2012m3 0.89 0.88 0.10
2012m4 0.86 0.88 0.10
2012m5 0.79 0.83 0.10
2012m6 0.70 0.75 0.10
2012m7 0.75 0.73 0.10
2012m8 0.85 0.80 0.10
2012m9 0.87 0.86 0.10
2012m10 0.85 0.86 0.10
2012m11 0.81 0.83 0.10
2012m12 0.78 0.80 0.10
2013m1 0.82 0.80 0.10
2013m2 0.86 0.84 0.10
2013m3 0.80 0.83 0.10
2013m4 0.77 0.78 0.10
2013m5 0.75 0.76 0.10
2013m6 0.77 0.76 0.10
2013m7 0.80 0.79 0.10
2013m8 0.82 0.81 0.10
2013m9 0.81 0.81 0.10
2013m10 0.79 0.80 0.10
2013m11 0.77 0.78 0.10
2013m12 0.79 0.78 0.10
2014m1 0.77 0.78 0.10
2014m2 0.80 0.79 0.10
2014m3 0.77 0.78 0.10
2014m4 0.79 0.78 0.10
2014m5 0.80 0.79 0.10
2014m6 0.79 0.80 0.10
2014m7 0.78 0.78 0.10
2014m8 0.78 0.78 0.10
2014m9 0.74 0.76 0.10
2014m10 0.68 0.71 0.10
2014m11 0.64 0.66 0.10
2014m12 0.50 0.57 0.10
ng average method - 2 months
Adjusted import price

Insurance (0.15% Exchange rate Margins (distribution
(LC / liter)
of import price) (LCU/USD) and retail)
0.00 264.0 95.2 15

0.00 263.6 100.0 15
0.00 264.0 91.1 15
0.00 261.7 81.2 15
0.00 260.9 81.9 15
0.00 261.4 86.8 15
0.00 262.7 91.9 15
0.00 261.5 88.8 15
0.00 262.5 86.4 15
0.00 263.3 90.3 15
0.00 263.9 93.2 15
0.00 265.1 95.5 15
0.00 265.3 101.9 15
0.00 265.3 106.4 15
0.00 266.1 117.0 15
0.00 265.2 126.9 15
0.00 264.3 117.2 15
0.00 263.3 113.8 15
0.00 262.4 119.4 15
0.00 261.5 123.6 15
0.00 260.6 132.3 15
0.00 259.7 132.4 15
0.00 258.7 119.3 15
0.00 259.0 113.5 15
0.00 260.3 122.6 15
0.00 268.6 141.1 15
0.00 264.6 149.1 15
0.00 265.1 145.3 15
0.00 265.5 143.1 15
0.00 265.5 150.6 15
0.00 265.5 164.5 15
0.00 266.4 180.1 15
0.00 268.6 183.7 15
0.00 268.6 166.4 15
0.00 268.6 151.2 15
0.00 268.6 158.3 15
0.00 268.6 163.6 15
0.00 268.6 165.1 15
0.00 268.6 178.5 15
0.00 268.6 192.7 15
0.00 268.6 192.4 15
0.00 268.6 186.0 15
0.00 268.6 187.1 15
0.00 268.6 179.1 15
0.00 268.6 161.6 15
0.00 268.6 158.3 15
0.00 268.6 165.9 15
0.00 268.6 163.9 15
0.00 268.4 163.2 15
0.00 268.2 170.3 15
0.00 263.1 173.0 15
0.00 257.9 172.8 15
0.00 257.9 175.4 15
0.00 254.1 179.1 15
0.00 255.9 177.4 15
0.00 256.4 176.0 15
0.00 253.1 184.9 15
0.00 248.5 196.3 15
0.00 251.0 200.6 15
0.00 250.0 194.1 15
0.00 250.9 200.7 15
0.00 244.7 215.0 15
0.00 241.1 232.0 15
0.00 239.5 251.5 15
0.00 236.0 263.9 15
0.00 229.5 258.3 15
0.00 228.4 236.9 15
0.00 231.7 213.3 15
0.00 244.5 193.0 15
0.00 205.5 129.2 15
0.00 256.6 130.9 15
0.00 259.0 121.5 15
0.00 258.7 119.8 15
0.00 263.7 116.3 15
0.00 265.7 121.9 15
0.00 267.4 131.1 15
0.00 264.4 144.4 15
0.00 263.9 151.7 15
0.00 260.9 153.3 15
0.00 260.3 155.6 15
0.00 260.7 157.5 15
0.00 261.5 165.2 15
0.00 262.1 166.1 15
0.00 261.7 166.0 15
0.00 261.5 166.6 15
0.00 264.4 172.0 15
0.00 266.9 183.7 15
0.00 272.3 186.8 15
0.00 278.0 184.6 15
0.00 284.6 188.2 15
0.00 287.1 190.7 15
0.00 286.6 193.5 15
0.00 284.7 198.9 15
0.00 280.8 203.5 15
0.00 282.2 210.7 15
0.00 281.4 218.7 15
0.00 284.0 233.8 15
0.00 282.2 255.4 15
0.00 275.0 268.3 15
0.00 272.6 262.4 15
0.00 274.6 253.0 15
0.00 276.3 253.9 15
0.00 279.9 253.4 15
0.00 283.5 252.7 15
0.00 289.0 262.1 15
0.00 287.1 267.2 15
0.00 287.9 261.2 15
0.00 290.4 259.4 15
0.00 292.7 274.3 15
0.00 293.0 286.1 15
0.00 291.4 285.0 15
0.00 293.1 272.0 15
0.00 294.8 250.2 15
0.00 298.1 247.0 15
0.00 301.9 272.9 15
0.00 302.7 291.5 15
0.00 301.7 290.6 15
0.00 298.5 278.5 15
0.00 301.3 270.9 15
0.00 299.8 271.3 15
0.00 298.6 281.6 15
0.00 298.9 278.2 15
0.00 299.7 265.0 15
0.00 302.7 260.7 15
0.00 303.6 261.7 15
0.00 303.7 269.6 15
0.00 303.8 277.4 15
0.00 303.4 277.8 15
0.00 300.5 269.9 15
0.00 296.5 260.3 15
0.00 297.0 262.0 15
0.00 300.5 265.7 15
0.00 300.4 266.5 15
0.00 299.2 264.3 15
0.00 299.2 263.3 15
0.00 299.2 267.9 15
0.00 299.2 268.2 15
0.00 299.2 265.0 15
0.00 299.2 262.8 15
0.00 299.2 257.3 15
0.00 299.2 242.6 15
0.00 299.2 227.2 15
0.00 299.2 200.3 15
Domestic margins Road
Transport charges and Corrective tax
transport maintenance fees VAT (14%) Taxes
and fees (15 LC / liter) (5LC/liter)
12 27.0 15 5 19.9 39.9

12 27.0 15 5 20.6 40.6
12 27.0 15 5 19.3 39.3
12 27.0 15 5 18.0 38.0
12 27.0 15 5 18.0 38.0
12 27.0 15 5 18.7 38.7
12 27.0 15 5 19.4 39.4
12 27.0 15 5 19.0 39.0
12 27.0 15 5 18.7 38.7
12 27.0 15 5 19.2 39.2
12 27.0 15 5 19.6 39.6
12 27.0 15 5 20.0 40.0
12 27.0 15 5 20.8 40.8
12 27.0 15 5 21.5 41.5
12 27.0 15 5 23.0 43.0
12 27.0 15 5 24.3 44.3
12 27.0 15 5 23.0 43.0
12 27.0 15 5 22.5 42.5
12 27.0 15 5 23.3 43.3
12 27.0 15 5 23.9 43.9
12 27.0 15 5 25.1 45.1
12 27.0 15 5 25.1 45.1
12 27.0 15 5 23.3 43.3
12 27.0 15 5 22.5 42.5
12 27.0 15 5 23.7 43.7
12 27.0 15 5 26.3 46.3
12 27.0 15 5 27.4 47.4
12 27.0 15 5 26.9 46.9
12 27.0 15 5 26.6 46.6
12 27.0 15 5 27.7 47.7
12 27.0 15 5 29.6 49.6
12 27.0 15 5 31.8 51.8
12 27.0 15 5 32.3 52.3
12 27.0 15 5 29.9 49.9
12 27.0 15 5 27.8 47.8
12 27.0 15 5 28.7 48.7
12 27.0 15 5 29.5 49.5
12 27.0 15 5 29.7 49.7
12 27.0 15 5 31.6 51.6
12 27.0 15 5 33.6 53.6
12 27.0 15 5 33.5 53.5
12 27.0 15 5 32.6 52.6
12 27.0 15 5 32.8 52.8
12 27.0 15 5 31.7 51.7
12 27.0 15 5 29.2 49.2
12 27.0 15 5 28.7 48.7
12 27.0 15 5 29.8 49.8
12 27.0 15 5 29.5 49.5
12 27.0 15 5 29.4 49.4
12 27.0 15 5 30.4 50.4
12 27.0 15 5 30.8 50.8
12 27.0 15 5 30.8 50.8
12 27.0 15 5 31.1 51.1
12 27.0 15 5 31.7 51.7
12 27.0 15 5 31.4 51.4
12 27.0 15 5 31.2 51.2
12 27.0 15 5 32.5 52.5
12 27.0 15 5 34.1 54.1
12 27.0 15 5 34.7 54.7
12 27.0 15 5 33.7 53.7
12 27.0 15 5 34.7 54.7
12 27.0 15 5 36.7 56.7
12 27.0 15 5 39.1 59.1
12 27.0 15 5 41.8 61.8
12 27.0 15 5 43.5 63.5
12 27.0 15 5 42.7 62.7
12 27.0 15 5 39.7 59.7
12 27.0 15 5 36.4 56.4
12 27.0 15 5 33.6 53.6
12 27.0 15 5 24.7 44.7
12 27.0 15 5 24.9 44.9
12 27.0 15 5 23.6 43.6
12 27.0 15 5 23.4 43.4
12 27.0 15 5 22.9 42.9
12 27.0 15 5 23.6 43.6
12 27.0 15 5 24.9 44.9
12 27.0 15 5 26.8 46.8
12 27.0 15 5 27.8 47.8
12 27.0 15 5 28.0 48.0
12 27.0 15 5 28.4 48.4
12 27.0 15 5 28.6 48.6
12 27.0 15 5 29.7 49.7
12 27.0 15 5 29.8 49.8
12 27.0 15 5 29.8 49.8
12 27.0 15 5 29.9 49.9
12 27.0 15 5 30.7 50.7
12 27.0 15 5 32.3 52.3
12 27.0 15 5 32.7 52.7
12 27.0 15 5 32.4 52.4
12 27.0 15 5 32.9 52.9
12 27.0 15 5 33.3 53.3
12 27.0 15 5 33.7 53.7
12 27.0 15 5 34.4 54.4
12 27.0 15 5 35.1 55.1
12 27.0 15 5 36.1 56.1
12 27.0 15 5 37.2 57.2
12 27.0 15 5 39.3 59.3
12 27.0 15 5 42.3 62.3
12 27.0 15 5 44.1 64.1
12 27.0 15 5 43.3 63.3
12 27.0 15 5 42.0 62.0
12 27.0 15 5 42.1 62.1
12 27.0 15 5 42.1 62.1
12 27.0 15 5 42.0 62.0
12 27.0 15 5 43.3 63.3
12 27.0 15 5 44.0 64.0
12 27.0 15 5 43.1 63.1
12 27.0 15 5 42.9 62.9
12 27.0 15 5 45.0 65.0
12 27.0 15 5 46.6 66.6
12 27.0 15 5 46.5 66.5
12 27.0 15 5 44.7 64.7
12 27.0 15 5 41.6 61.6
12 27.0 15 5 41.2 61.2
12 27.0 15 5 44.8 64.8
12 27.0 15 5 47.4 67.4
12 27.0 15 5 47.3 67.3
12 27.0 15 5 45.6 65.6
12 27.0 15 5 44.5 64.5
12 27.0 15 5 44.6 64.6
12 27.0 15 5 46.0 66.0
12 27.0 15 5 45.5 65.5
12 27.0 15 5 43.7 63.7
12 27.0 15 5 43.1 63.1
12 27.0 15 5 43.2 63.2
12 27.0 15 5 44.3 64.3
12 27.0 15 5 45.4 65.4
12 27.0 15 5 45.5 65.5
12 27.0 15 5 44.4 64.4
12 27.0 15 5 43.0 63.0
12 27.0 15 5 43.3 63.3
12 27.0 15 5 43.8 63.8
12 27.0 15 5 43.9 63.9
12 27.0 15 5 43.6 63.6
12 27.0 15 5 43.4 63.4
12 27.0 15 5 44.1 64.1
12 27.0 15 5 44.1 64.1
12 27.0 15 5 43.7 63.7
12 27.0 15 5 43.4 63.4
12 27.0 15 5 42.6 62.6
12 27.0 15 5 40.5 60.5
12 27.0 15 5 38.4 58.4
12 27.0 15 5 34.6 54.6
MA2 price Monthly change
(LCU/liter) (percent)
162.1
167.6 3.4%
157.5 -6.1%
146.2 -7.2%
146.9 0.5%
152.5 3.8%
158.3 3.8%
154.8 -2.2%
152.1 -1.8%
156.5 2.9%
159.8 2.1%
162.5 1.6%
169.8 4.5%
174.8 3.0%
187.0 7.0%
198.3 6.0%
187.2 -5.6%
183.3 -2.1%
189.8 3.5%
194.5 2.5%
204.4 5.1%
204.5 0.1%
189.6 -7.3%
183.0 -3.5%
193.3 5.6%
214.4 10.9%
223.5 4.2%
219.2 -1.9%
216.7 -1.1%
225.2 3.9%
241.2 7.1%
258.9 7.4%
263.0 1.6%
243.3 -7.5%
226.0 -7.1%
234.0 3.6%
240.1 2.6%
241.8 0.7%
257.1 6.3%
273.2 6.3%
272.9 -0.1%
265.6 -2.7%
266.8 0.5%
257.7 -3.4%
237.8 -7.7%
234.0 -1.6%
242.7 3.7%
240.4 -0.9%
239.6 -0.3%
247.7 3.4%
250.8 1.3%
250.6 -0.1%
253.5 1.1%
257.8 1.7%
255.8 -0.7%
254.3 -0.6%
264.4 4.0%
277.4 4.9%
282.2 1.8%
274.8 -2.6%
282.4 2.8%
298.7 5.8%
318.1 6.5%
340.2 7.0%
354.4 4.2%
348.0 -1.8%
323.6 -7.0%
296.7 -8.3%
273.6 -7.8%
200.9 -26.6%
202.8 0.9%
192.1 -5.3%
190.2 -1.0%
186.2 -2.1%
192.5 3.4%
203.1 5.5%
218.2 7.4%
226.6 3.8%
228.4 0.8%
230.9 1.1%
233.1 0.9%
241.9 3.8%
242.9 0.4%
242.8 0.0%
243.5 0.3%
249.7 2.5%
263.0 5.4%
266.5 1.3%
264.1 -0.9%
268.1 1.5%
271.0 1.1%
274.1 1.2%
280.3 2.2%
285.6 1.9%
293.7 2.8%
302.9 3.1%
320.1 5.7%
344.8 7.7%
359.4 4.3%
352.7 -1.9%
342.0 -3.1%
343.0 0.3%
342.4 -0.2%
341.6 -0.2%
352.4 3.2%
358.2 1.7%
351.4 -1.9%
349.3 -0.6%
366.3 4.9%
379.7 3.7%
378.4 -0.3%
363.7 -3.9%
338.9 -6.8%
335.1 -1.1%
364.7 8.8%
385.9 5.8%
384.8 -0.3%
371.1 -3.6%
362.4 -2.3%
362.9 0.1%
374.6 3.2%
370.7 -1.1%
355.7 -4.0%
350.7 -1.4%
351.9 0.3%
361.0 2.6%
369.8 2.4%
370.3 0.1%
361.3 -2.4%
350.3 -3.0%
352.2 0.5%
356.5 1.2%
357.3 0.2%
354.8 -0.7%
353.7 -0.3%
359.0 1.5%
359.4 0.1%
355.7 -1.0%
353.2 -0.7%
346.9 -1.8%
330.1 -4.8%
312.6 -5.3%
281.9 -9.8%
Import price Avg. Import prices of last 4 Freight margin

(USD/liter) months (USD/liter) (US$ 0.1 / liter)
2003m1 0.24
2003m2 0.28 0.10
2003m3 0.27 0.10
2003m4 0.22 0.25 0.10
2003m5 0.21 0.24 0.10
2003m6 0.22 0.23 0.10
2003m7 0.24 0.22 0.10
2003m8 0.26 0.23 0.10
2003m9 0.22 0.24 0.10
2003m10 0.24 0.24 0.10
2003m11 0.25 0.24 0.10
2003m12 0.26 0.24 0.10
2004m1 0.26 0.25 0.10
2004m2 0.31 0.27 0.10
2004m3 0.30 0.28 0.10
2004m4 0.38 0.31 0.10
2004m5 0.37 0.34 0.10
2004m6 0.31 0.34 0.10
2004m7 0.35 0.35 0.10
2004m8 0.36 0.35 0.10
2004m9 0.38 0.35 0.10
2004m10 0.43 0.38 0.10
2004m11 0.39 0.39 0.10
2004m12 0.33 0.38 0.10
2005m1 0.34 0.37 0.10
2005m2 0.40 0.37 0.10
2005m3 0.45 0.38 0.10
2005m4 0.47 0.42 0.10
2005m5 0.42 0.44 0.10
2005m6 0.45 0.45 0.10
2005m7 0.48 0.46 0.10
2005m8 0.56 0.48 0.10
2005m9 0.59 0.52 0.10
2005m10 0.58 0.55 0.10
2005m11 0.46 0.55 0.10
2005m12 0.46 0.52 0.10
2006m1 0.51 0.50 0.10
2006m2 0.50 0.49 0.10
2006m3 0.53 0.50 0.10
2006m4 0.60 0.54 0.10
2006m5 0.63 0.57 0.10
2006m6 0.60 0.59 0.10
2006m7 0.58 0.60 0.10
2006m8 0.61 0.61 0.10
2006m9 0.52 0.58 0.10
2006m10 0.48 0.55 0.10
2006m11 0.50 0.53 0.10
2006m12 0.53 0.51 0.10
2007m1 0.48 0.50 0.10
2007m2 0.53 0.51 0.10
2007m3 0.54 0.52 0.10
2007m4 0.58 0.53 0.10
2007m5 0.56 0.55 0.10
2007m6 0.59 0.57 0.10
2007m7 0.61 0.59 0.10
2007m8 0.57 0.59 0.10
2007m9 0.60 0.59 0.10
2007m10 0.66 0.61 0.10
2007m11 0.72 0.64 0.10
2007m12 0.68 0.66 0.10
2008m1 0.67 0.68 0.10
2008m2 0.73 0.70 0.10
2008m3 0.83 0.73 0.10
2008m4 0.89 0.78 0.10
2008m5 1.00 0.86 0.10
2008m6 1.03 0.94 0.10
2008m7 1.02 0.99 0.10
2008m8 0.85 0.98 0.10
2008m9 0.79 0.92 0.10
2008m10 0.59 0.81 0.10
2008m11 0.47 0.67 0.10
2008m12 0.35 0.55 0.10
2009m1 0.38 0.45 0.10
2009m2 0.34 0.39 0.10
2009m3 0.34 0.35 0.10
2009m4 0.38 0.36 0.10
2009m5 0.40 0.37 0.10
2009m6 0.49 0.40 0.10
2009m7 0.46 0.43 0.10
2009m8 0.51 0.47 0.10
2009m9 0.48 0.49 0.10
2009m10 0.52 0.50 0.10
2009m11 0.54 0.51 0.10
2009m12 0.53 0.52 0.10
2010m1 0.54 0.53 0.10
2010m2 0.53 0.53 0.10
2010m3 0.57 0.54 0.10
2010m4 0.61 0.56 0.10
2010m5 0.56 0.57 0.10
2010m6 0.57 0.58 0.10
2010m7 0.56 0.57 0.10
2010m8 0.57 0.56 0.10
2010m9 0.58 0.57 0.10
2010m10 0.62 0.58 0.10
2010m11 0.63 0.60 0.10
2010m12 0.66 0.62 0.10
2011m1 0.69 0.65 0.10
2011m2 0.75 0.68 0.10
2011m3 0.85 0.74 0.10
2011m4 0.89 0.80 0.10
2011m5 0.83 0.83 0.10
2011m6 0.81 0.85 0.10
2011m7 0.82 0.84 0.10
2011m8 0.78 0.81 0.10
2011m9 0.80 0.80 0.10
2011m10 0.82 0.80 0.10
2011m11 0.84 0.81 0.10
2011m12 0.77 0.81 0.10
2012m1 0.82 0.81 0.10
2012m2 0.86 0.82 0.10
2012m3 0.89 0.83 0.10
2012m4 0.86 0.86 0.10
2012m5 0.79 0.85 0.10
2012m6 0.70 0.81 0.10
2012m7 0.75 0.78 0.10
2012m8 0.85 0.78 0.10
2012m9 0.87 0.79 0.10
2012m10 0.85 0.83 0.10
2012m11 0.81 0.85 0.10
2012m12 0.78 0.83 0.10
2013m1 0.82 0.82 0.10
2013m2 0.86 0.82 0.10
2013m3 0.80 0.82 0.10
2013m4 0.77 0.81 0.10
2013m5 0.75 0.79 0.10
2013m6 0.77 0.77 0.10
2013m7 0.80 0.77 0.10
2013m8 0.82 0.79 0.10
2013m9 0.81 0.80 0.10
2013m10 0.79 0.80 0.10
2013m11 0.77 0.80 0.10
2013m12 0.79 0.79 0.10
2014m1 0.77 0.78 0.10
2014m2 0.80 0.78 0.10
2014m3 0.77 0.78 0.10
2014m4 0.79 0.78 0.10
2014m5 0.80 0.79 0.10
2014m6 0.79 0.79 0.10
2014m7 0.78 0.79 0.10
2014m8 0.78 0.79 0.10
2014m9 0.74 0.77 0.10
2014m10 0.68 0.74 0.10
2014m11 0.64 0.71 0.10
2014m12 0.50 0.64 0.10
ng average method - 4 months

(LC / liter)
0.00 264.0 26.4 15

0.00 263.6 26.4 15
0.00 264.0 93.2 15
0.00 261.7 90.3 15
0.00 260.9 86.0 15
0.00 261.4 84.0 15
0.00 262.7 87.2 15
0.00 261.5 87.8 15
0.00 262.5 89.1 15
0.00 263.3 89.8 15
0.00 263.9 90.0 15
0.00 265.1 93.2 15
0.00 265.3 97.8 15
0.00 265.3 101.0 15
0.00 266.1 109.6 15
0.00 265.2 116.6 15
0.00 264.3 116.7 15
0.00 263.3 119.9 15
0.00 262.4 117.9 15
0.00 261.5 118.3 15
0.00 260.6 125.5 15
0.00 259.7 127.6 15
0.00 258.7 125.3 15
0.00 259.0 122.8 15
0.00 260.3 121.3 15
0.00 268.6 129.4 15
0.00 264.6 136.8 15
0.00 265.1 142.3 15
0.00 265.5 146.3 15
0.00 265.5 148.0 15
0.00 265.5 153.8 15
0.00 266.4 165.6 15
0.00 268.6 175.1 15
0.00 268.6 174.0 15
0.00 268.6 167.5 15
0.00 268.6 162.4 15
0.00 268.6 157.4 15
0.00 268.6 161.7 15
0.00 268.6 171.1 15
0.00 268.6 178.9 15
0.00 268.6 185.5 15
0.00 268.6 189.3 15
0.00 268.6 189.7 15
0.00 268.6 182.5 15
0.00 268.6 174.4 15
0.00 268.6 168.7 15
0.00 268.6 163.8 15
0.00 268.6 161.1 15
0.00 268.4 164.5 15
0.00 268.2 166.9 15
0.00 263.1 166.5 15
0.00 257.9 168.3 15
0.00 257.9 172.5 15
0.00 254.1 174.7 15
0.00 255.9 175.7 15
0.00 256.4 178.4 15
0.00 253.1 180.2 15
0.00 248.5 183.5 15
0.00 251.0 192.0 15
0.00 250.0 195.8 15
0.00 250.9 200.6 15
0.00 244.7 202.5 15
0.00 241.1 212.4 15
0.00 239.5 231.0 15
0.00 236.0 245.5 15
0.00 229.5 249.6 15
0.00 228.4 246.2 15
0.00 231.7 237.0 15
0.00 244.5 223.3 15
0.00 205.5 159.2 15
0.00 256.6 166.7 15
0.00 259.0 142.2 15
0.00 258.7 125.9 15
0.00 263.7 120.0 15
0.00 265.7 122.5 15
0.00 267.4 124.5 15
0.00 264.4 132.8 15
0.00 263.9 140.6 15
0.00 260.9 147.9 15
0.00 260.3 152.6 15
0.00 260.7 155.3 15
0.00 261.5 160.7 15
0.00 262.1 162.2 15
0.00 261.7 165.7 15
0.00 261.5 166.1 15
0.00 264.4 169.9 15
0.00 266.9 176.9 15
0.00 272.3 182.0 15
0.00 278.0 188.0 15
0.00 284.6 191.7 15
0.00 287.1 190.7 15
0.00 286.6 191.5 15
0.00 284.7 194.0 15
0.00 280.8 196.6 15
0.00 282.2 203.9 15
0.00 281.4 211.3 15
0.00 284.0 222.9 15
0.00 282.2 237.4 15
0.00 275.0 247.4 15
0.00 272.6 254.6 15
0.00 274.6 260.5 15
0.00 276.3 259.9 15
0.00 279.9 255.6 15
0.00 283.5 256.6 15
0.00 289.0 261.9 15
0.00 287.1 261.5 15
0.00 287.9 261.2 15
0.00 290.4 264.9 15
0.00 292.7 269.9 15
0.00 293.0 273.9 15
0.00 291.4 279.1 15
0.00 293.1 279.1 15
0.00 294.8 269.3 15
0.00 298.1 261.8 15
0.00 301.9 264.6 15
0.00 302.7 271.1 15
0.00 301.7 281.7 15
0.00 298.5 283.0 15
0.00 301.3 280.5 15
0.00 299.8 275.5 15
0.00 298.6 275.1 15
0.00 298.9 274.3 15
0.00 299.7 273.8 15
0.00 302.7 271.2 15
0.00 303.6 265.0 15
0.00 303.7 265.6 15
0.00 303.8 269.6 15
0.00 303.4 273.6 15
0.00 300.5 272.2 15
0.00 296.5 265.9 15
0.00 297.0 264.4 15
0.00 300.5 264.8 15
0.00 300.4 265.7 15
0.00 299.2 264.4 15
0.00 299.2 264.3 15
0.00 299.2 266.1 15
0.00 299.2 265.8 15
0.00 299.2 266.5 15
0.00 299.2 265.5 15
0.00 299.2 261.2 15
0.00 299.2 252.7 15
0.00 299.2 242.2 15
0.00 299.2 221.4 15
12 27.0 15 5 10.3 30.3

12 27.0 15 5 10.3 30.3
12 27.0 15 5 19.6 39.6
12 27.0 15 5 19.2 39.2
12 27.0 15 5 18.6 38.6
12 27.0 15 5 18.3 38.3
12 27.0 15 5 18.8 38.8
12 27.0 15 5 18.9 38.9
12 27.0 15 5 19.1 39.1
12 27.0 15 5 19.2 39.2
12 27.0 15 5 19.2 39.2
12 27.0 15 5 19.6 39.6
12 27.0 15 5 20.3 40.3
12 27.0 15 5 20.7 40.7
12 27.0 15 5 21.9 41.9
12 27.0 15 5 22.9 42.9
12 27.0 15 5 22.9 42.9
12 27.0 15 5 23.4 43.4
12 27.0 15 5 23.1 43.1
12 27.0 15 5 23.1 43.1
12 27.0 15 5 24.1 44.1
12 27.0 15 5 24.4 44.4
12 27.0 15 5 24.1 44.1
12 27.0 15 5 23.8 43.8
12 27.0 15 5 23.6 43.6
12 27.0 15 5 24.7 44.7
12 27.0 15 5 25.7 45.7
12 27.0 15 5 26.5 46.5
12 27.0 15 5 27.1 47.1
12 27.0 15 5 27.3 47.3
12 27.0 15 5 28.1 48.1
12 27.0 15 5 29.8 49.8
12 27.0 15 5 31.1 51.1
12 27.0 15 5 30.9 50.9
12 27.0 15 5 30.0 50.0
12 27.0 15 5 29.3 49.3
12 27.0 15 5 28.6 48.6
12 27.0 15 5 29.2 49.2
12 27.0 15 5 30.5 50.5
12 27.0 15 5 31.6 51.6
12 27.0 15 5 32.5 52.5
12 27.0 15 5 33.1 53.1
12 27.0 15 5 33.1 53.1
12 27.0 15 5 32.1 52.1
12 27.0 15 5 31.0 51.0
12 27.0 15 5 30.2 50.2
12 27.0 15 5 29.5 49.5
12 27.0 15 5 29.1 49.1
12 27.0 15 5 29.6 49.6
12 27.0 15 5 30.0 50.0
12 27.0 15 5 29.9 49.9
12 27.0 15 5 30.1 50.1
12 27.0 15 5 30.7 50.7
12 27.0 15 5 31.0 51.0
12 27.0 15 5 31.2 51.2
12 27.0 15 5 31.6 51.6
12 27.0 15 5 31.8 51.8
12 27.0 15 5 32.3 52.3
12 27.0 15 5 33.5 53.5
12 27.0 15 5 34.0 54.0
12 27.0 15 5 34.7 54.7
12 27.0 15 5 34.9 54.9
12 27.0 15 5 36.3 56.3
12 27.0 15 5 38.9 58.9
12 27.0 15 5 40.9 60.9
12 27.0 15 5 41.5 61.5
12 27.0 15 5 41.0 61.0
12 27.0 15 5 39.8 59.8
12 27.0 15 5 37.8 57.8
12 27.0 15 5 28.9 48.9
12 27.0 15 5 29.9 49.9
12 27.0 15 5 26.5 46.5
12 27.0 15 5 24.2 44.2
12 27.0 15 5 23.4 43.4
12 27.0 15 5 23.7 43.7
12 27.0 15 5 24.0 44.0
12 27.0 15 5 25.2 45.2
12 27.0 15 5 26.3 46.3
12 27.0 15 5 27.3 47.3
12 27.0 15 5 27.9 47.9
12 27.0 15 5 28.3 48.3
12 27.0 15 5 29.1 49.1
12 27.0 15 5 29.3 49.3
12 27.0 15 5 29.8 49.8
12 27.0 15 5 29.8 49.8
12 27.0 15 5 30.4 50.4
12 27.0 15 5 31.3 51.3
12 27.0 15 5 32.1 52.1
12 27.0 15 5 32.9 52.9
12 27.0 15 5 33.4 53.4
12 27.0 15 5 33.3 53.3
12 27.0 15 5 33.4 53.4
12 27.0 15 5 33.7 53.7
12 27.0 15 5 34.1 54.1
12 27.0 15 5 35.1 55.1
12 27.0 15 5 36.2 56.2
12 27.0 15 5 37.8 57.8
12 27.0 15 5 39.8 59.8
12 27.0 15 5 41.2 61.2
12 27.0 15 5 42.2 62.2
12 27.0 15 5 43.0 63.0
12 27.0 15 5 43.0 63.0
12 27.0 15 5 42.4 62.4
12 27.0 15 5 42.5 62.5
12 27.0 15 5 43.2 63.2
12 27.0 15 5 43.2 63.2
12 27.0 15 5 43.1 63.1
12 27.0 15 5 43.7 63.7
12 27.0 15 5 44.4 64.4
12 27.0 15 5 44.9 64.9
12 27.0 15 5 45.6 65.6
12 27.0 15 5 45.7 65.7
12 27.0 15 5 44.3 64.3
12 27.0 15 5 43.2 63.2
12 27.0 15 5 43.6 63.6
12 27.0 15 5 44.5 64.5
12 27.0 15 5 46.0 66.0
12 27.0 15 5 46.2 66.2
12 27.0 15 5 45.9 65.9
12 27.0 15 5 45.2 65.2
12 27.0 15 5 45.1 65.1
12 27.0 15 5 45.0 65.0
12 27.0 15 5 44.9 64.9
12 27.0 15 5 44.5 64.5
12 27.0 15 5 43.7 63.7
12 27.0 15 5 43.8 63.8
12 27.0 15 5 44.3 64.3
12 27.0 15 5 44.9 64.9
12 27.0 15 5 44.7 64.7
12 27.0 15 5 43.8 63.8
12 27.0 15 5 43.6 63.6
12 27.0 15 5 43.7 63.7
12 27.0 15 5 43.8 63.8
12 27.0 15 5 43.6 63.6
12 27.0 15 5 43.6 63.6
12 27.0 15 5 43.8 63.8
12 27.0 15 5 43.8 63.8
12 27.0 15 5 43.9 63.9
12 27.0 15 5 43.8 63.8
12 27.0 15 5 43.1 63.1
12 27.0 15 5 42.0 62.0
12 27.0 15 5 40.5 60.5
12 27.0 15 5 37.6 57.6
83.7
83.6 0.0%
159.8 91.1%
156.5 -2.1%
151.6 -3.1%
149.3 -1.5%
152.9 2.4%
153.7 0.5%
155.2 1.0%
156.0 0.5%
156.2 0.2%
159.8 2.3%
165.1 3.3%
168.7 2.2%
178.6 5.9%
186.5 4.5%
186.7 0.1%
190.3 1.9%
188.0 -1.2%
188.4 0.2%
196.6 4.3%
199.0 1.2%
196.5 -1.3%
193.6 -1.5%
191.9 -0.9%
201.1 4.8%
209.6 4.2%
215.8 3.0%
220.4 2.1%
222.3 0.9%
228.9 3.0%
242.3 5.9%
253.2 4.5%
252.0 -0.5%
244.5 -3.0%
238.7 -2.4%
233.0 -2.4%
237.9 2.1%
248.6 4.5%
257.5 3.6%
265.0 2.9%
269.4 1.7%
269.9 0.2%
261.7 -3.0%
252.3 -3.6%
245.9 -2.6%
240.3 -2.3%
237.2 -1.3%
241.1 1.6%
243.9 1.2%
243.4 -0.2%
245.4 0.8%
250.2 1.9%
252.7 1.0%
253.9 0.4%
256.9 1.2%
259.0 0.8%
262.7 1.4%
272.5 3.7%
276.8 1.6%
282.3 2.0%
284.4 0.8%
295.7 4.0%
316.9 7.2%
333.4 5.2%
338.2 1.4%
334.2 -1.2%
323.8 -3.1%
308.1 -4.8%
235.1 -23.7%
243.6 3.6%
215.7 -11.5%
197.1 -8.6%
190.4 -3.4%
193.2 1.5%
195.5 1.2%
205.0 4.8%
213.9 4.3%
222.2 3.9%
227.6 2.4%
230.7 1.4%
236.8 2.7%
238.5 0.7%
242.5 1.7%
243.0 0.2%
247.2 1.8%
255.2 3.2%
261.0 2.3%
267.9 2.6%
272.1 1.6%
270.9 -0.4%
271.9 0.3%
274.7 1.0%
277.7 1.1%
286.0 3.0%
294.5 3.0%
307.7 4.5%
324.2 5.4%
335.6 3.5%
343.8 2.5%
350.5 2.0%
349.9 -0.2%
345.0 -1.4%
346.1 0.3%
352.1 1.7%
351.7 -0.1%
351.3 -0.1%
355.5 1.2%
361.3 1.6%
365.9 1.3%
371.7 1.6%
371.8 0.0%
360.5 -3.0%
352.0 -2.4%
355.2 0.9%
362.7 2.1%
374.7 3.3%
376.2 0.4%
373.4 -0.8%
367.7 -1.5%
367.2 -0.1%
366.3 -0.2%
365.7 -0.2%
362.7 -0.8%
355.7 -1.9%
356.3 0.2%
360.9 1.3%
365.5 1.3%
363.8 -0.5%
356.7 -2.0%
355.0 -0.5%
355.5 0.1%
356.5 0.3%
355.0 -0.4%
354.9 0.0%
356.9 0.6%
356.6 -0.1%
357.4 0.2%
356.3 -0.3%
351.3 -1.4%
341.6 -2.8%
329.7 -3.5%
306.0 -7.2%
E11 = AVERAGE(C6:C11)
Import price Avg. Import prices of last 6 months Freight margin

(USD/liter) (USD/liter) (US$ 0.1 / liter)
2003m1 0.24
2003m2 0.28 0.10
2003m3 0.27 0.10
2003m4 0.22 0.10
2003m5 0.21 0.10
2003m6 0.22 0.10
2003m7 0.24 0.10
2003m8 0.26 0.10
2003m9 0.22 0.10
2003m10 0.24 0.10
2003m11 0.25 0.10
2003m12 0.26 0.10
2004m1 0.26 0.10
2004m2 0.31 0.10
2004m3 0.30 0.10
2004m4 0.38 0.10
2004m5 0.37 0.10
2004m6 0.31 0.10
2004m7 0.35 0.10
2004m8 0.36 0.10
2004m9 0.38 0.10
2004m10 0.43 0.10
2004m11 0.39 0.10
2004m12 0.33 0.10
2005m1 0.34 0.10
2005m2 0.40 0.10
2005m3 0.45 0.10
2005m4 0.47 0.10
2005m5 0.42 0.10
2005m6 0.45 0.10
2005m7 0.48 0.10
2005m8 0.56 0.10
2005m9 0.59 0.10
2005m10 0.58 0.10
2005m11 0.46 0.10
2005m12 0.46 0.10
2006m1 0.51 0.10
2006m2 0.50 0.10
2006m3 0.53 0.10
2006m4 0.60 0.10
2006m5 0.63 0.10
2006m6 0.60 0.10
2006m7 0.58 0.10
2006m8 0.61 0.10
2006m9 0.52 0.10
2006m10 0.48 0.10
2006m11 0.50 0.10
2006m12 0.53 0.10
2007m1 0.48 0.10
2007m2 0.53 0.10
2007m3 0.54 0.10
2007m4 0.58 0.10
2007m5 0.56 0.10
2007m6 0.59 0.10
2007m7 0.61 0.10
2007m8 0.57 0.10
2007m9 0.60 0.10
2007m10 0.66 0.10
2007m11 0.72 0.10
2007m12 0.68 0.10
2008m1 0.67 0.10
2008m2 0.73 0.10
2008m3 0.83 0.10
2008m4 0.89 0.10
2008m5 1.00 0.10
2008m6 1.03 0.10
2008m7 1.02 0.10
2008m8 0.85 0.10
2008m9 0.79 0.10
2008m10 0.59 0.10
2008m11 0.47 0.10
2008m12 0.35 0.10
2009m1 0.38 0.10
2009m2 0.34 0.10
2009m3 0.34 0.10
2009m4 0.38 0.10
2009m5 0.40 0.10
2009m6 0.49 0.10
2009m7 0.46 0.10
2009m8 0.51 0.10
2009m9 0.48 0.10
2009m10 0.52 0.10
2009m11 0.54 0.10
2009m12 0.53 0.10
2010m1 0.54 0.10
2010m2 0.53 0.10
2010m3 0.57 0.10
2010m4 0.61 0.10
2010m5 0.56 0.10
2010m6 0.57 0.10
2010m7 0.56 0.10
2010m8 0.57 0.10
2010m9 0.58 0.10
2010m10 0.62 0.10
2010m11 0.63 0.10
2010m12 0.66 0.10
2011m1 0.69 0.10
2011m2 0.75 0.10
2011m3 0.85 0.10
2011m4 0.89 0.10
2011m5 0.83 0.10
2011m6 0.81 0.10
2011m7 0.82 0.10
2011m8 0.78 0.10
2011m9 0.80 0.10
2011m10 0.82 0.10
2011m11 0.84 0.10
2011m12 0.77 0.10
2012m1 0.82 0.10
2012m2 0.86 0.10
2012m3 0.89 0.10
2012m4 0.86 0.10
2012m5 0.79 0.10
2012m6 0.70 0.10
2012m7 0.75 0.10
2012m8 0.85 0.10
2012m9 0.87 0.10
2012m10 0.85 0.10
2012m11 0.81 0.10
2012m12 0.78 0.10
2013m1 0.82 0.10
2013m2 0.86 0.10
2013m3 0.80 0.10
2013m4 0.77 0.10
2013m5 0.75 0.10
2013m6 0.77 0.10
2013m7 0.80 0.10
2013m8 0.82 0.10
2013m9 0.81 0.10
2013m10 0.79 0.10
2013m11 0.77 0.10
2013m12 0.79 0.10
2014m1 0.77 0.10
2014m2 0.80 0.10
2014m3 0.77 0.10
2014m4 0.79 0.10
2014m5 0.80 0.10
2014m6 0.79 0.10
2014m7 0.78 0.10
2014m8 0.78 0.10
2014m9 0.74 0.10
2014m10 0.68 0.10
2014m11 0.64 0.10
2014m12 0.50 0.10
age method - 6 months

(LC / liter)
0.00 264.0 26.4 15

0.00 263.6 26.4 15
0.00 264.0 26.4 15
0.00 261.7 26.2 15
0.00 260.9 26.1 15
0.00 261.4 26.1 15
0.00 262.7 26.3 15
0.00 261.5 26.2 15
0.00 262.5 26.3 15
0.00 263.3 26.3 15
0.00 263.9 26.4 15
0.00 265.1 26.5 15
0.00 265.3 26.5 15
0.00 265.3 26.5 15
0.00 266.1 26.6 15
0.00 265.2 26.5 15
0.00 264.3 26.4 15
0.00 263.3 26.3 15
0.00 262.4 26.2 15
0.00 261.5 26.2 15
0.00 260.6 26.1 15
0.00 259.7 26.0 15
0.00 258.7 25.9 15
0.00 259.0 25.9 15
0.00 260.3 26.0 15
0.00 268.6 26.9 15
0.00 264.6 26.5 15
0.00 265.1 26.5 15
0.00 265.5 26.6 15
0.00 265.5 26.6 15
0.00 265.5 26.6 15
0.00 266.4 26.6 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.6 26.9 15
0.00 268.4 26.8 15
0.00 268.2 26.8 15
0.00 263.1 26.3 15
0.00 257.9 25.8 15
0.00 257.9 25.8 15
0.00 254.1 25.4 15
0.00 255.9 25.6 15
0.00 256.4 25.6 15
0.00 253.1 25.3 15
0.00 248.5 24.9 15
0.00 251.0 25.1 15
0.00 250.0 25.0 15
0.00 250.9 25.1 15
0.00 244.7 24.5 15
0.00 241.1 24.1 15
0.00 239.5 24.0 15
0.00 236.0 23.6 15
0.00 229.5 23.0 15
0.00 228.4 22.8 15
0.00 231.7 23.2 15
0.00 244.5 24.5 15
0.00 205.5 20.6 15
0.00 256.6 25.7 15
0.00 259.0 25.9 15
0.00 258.7 25.9 15
0.00 263.7 26.4 15
0.00 265.7 26.6 15
0.00 267.4 26.7 15
0.00 264.4 26.4 15
0.00 263.9 26.4 15
0.00 260.9 26.1 15
0.00 260.3 26.0 15
0.00 260.7 26.1 15
0.00 261.5 26.1 15
0.00 262.1 26.2 15
0.00 261.7 26.2 15
0.00 261.5 26.1 15
0.00 264.4 26.4 15
0.00 266.9 26.7 15
0.00 272.3 27.2 15
0.00 278.0 27.8 15
0.00 284.6 28.5 15
0.00 287.1 28.7 15
0.00 286.6 28.7 15
0.00 284.7 28.5 15
0.00 280.8 28.1 15
0.00 282.2 28.2 15
0.00 281.4 28.1 15
0.00 284.0 28.4 15
0.00 282.2 28.2 15
0.00 275.0 27.5 15
0.00 272.6 27.3 15
0.00 274.6 27.5 15
0.00 276.3 27.6 15
0.00 279.9 28.0 15
0.00 283.5 28.3 15
0.00 289.0 28.9 15
0.00 287.1 28.7 15
0.00 287.9 28.8 15
0.00 290.4 29.0 15
0.00 292.7 29.3 15
0.00 293.0 29.3 15
0.00 291.4 29.1 15
0.00 293.1 29.3 15
0.00 294.8 29.5 15
0.00 298.1 29.8 15
0.00 301.9 30.2 15
0.00 302.7 30.3 15
0.00 301.7 30.2 15
0.00 298.5 29.9 15
0.00 301.3 30.1 15
0.00 299.8 30.0 15
0.00 298.6 29.9 15
0.00 298.9 29.9 15
0.00 299.7 30.0 15
0.00 302.7 30.3 15
0.00 303.6 30.4 15
0.00 303.7 30.4 15
0.00 303.8 30.4 15
0.00 303.4 30.3 15
0.00 300.5 30.1 15
0.00 296.5 29.6 15
0.00 297.0 29.7 15
0.00 300.5 30.1 15
0.00 300.4 30.0 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
0.00 299.2 29.9 15
12 27.0 15 5 10.3 30.3

12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.1 30.1
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.1 30.1
12 27.0 15 5 10.1 30.1
12 27.0 15 5 10.1 30.1
12 27.0 15 5 10.1 30.1
12 27.0 15 5 10.1 30.1
12 27.0 15 5 10.0 30.0
12 27.0 15 5 10.0 30.0
12 27.0 15 5 9.9 29.9
12 27.0 15 5 9.9 29.9
12 27.0 15 5 9.8 29.8
12 27.0 15 5 9.8 29.8
12 27.0 15 5 9.8 29.8
12 27.0 15 5 10.0 30.0
12 27.0 15 5 9.5 29.5
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.2 30.2
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.3 30.3
12 27.0 15 5 10.4 30.4
12 27.0 15 5 10.5 30.5
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.5 30.5
12 27.0 15 5 10.5 30.5
12 27.0 15 5 10.5 30.5
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.5 30.5
12 27.0 15 5 10.4 30.4
12 27.0 15 5 10.4 30.4
12 27.0 15 5 10.4 30.4
12 27.0 15 5 10.4 30.4
12 27.0 15 5 10.5 30.5
12 27.0 15 5 10.5 30.5
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.6 30.6
12 27.0 15 5 10.7 30.7
12 27.0 15 5 10.7 30.7
12 27.0 15 5 10.7 30.7
12 27.0 15 5 10.7 30.7
12 27.0 15 5 10.7 30.7
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.7 30.7
12 27.0 15 5 10.7 30.7
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
12 27.0 15 5 10.8 30.8
83.7
83.6 0.0%
83.7 0.1%
83.4 -0.3%
83.3 -0.1%
83.4 0.1%
83.5 0.2%
83.4 -0.2%
83.5 0.1%
83.6 0.1%
83.7 0.1%
83.8 0.2%
83.8 0.0%
83.8 0.0%
83.9 0.1%
83.8 -0.1%
83.7 -0.1%
83.6 -0.1%
83.5 -0.1%
83.4 -0.1%
83.3 -0.1%
83.2 -0.1%
83.1 -0.1%
83.1 0.0%
83.3 0.2%
84.2 1.1%
83.7 -0.5%
83.8 0.1%
83.8 0.1%
83.8 0.0%
83.8 0.0%
83.9 0.1%
84.2 0.3%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.2 0.0%
84.1 0.0%
83.6 -0.7%
83.0 -0.7%
83.0 0.0%
82.5 -0.5%
82.7 0.2%
82.8 0.1%
82.4 -0.5%
81.9 -0.6%
82.2 0.3%
82.1 -0.1%
82.2 0.1%
81.5 -0.9%
81.1 -0.5%
80.9 -0.2%
80.5 -0.5%
79.7 -0.9%
79.6 -0.2%
80.0 0.5%
81.5 1.8%
77.0 -5.5%
82.8 7.6%
83.1 0.3%
83.1 0.0%
83.6 0.7%
83.9 0.3%
84.1 0.2%
83.7 -0.4%
83.7 -0.1%
83.3 -0.4%
83.3 -0.1%
83.3 0.1%
83.4 0.1%
83.5 0.1%
83.4 -0.1%
83.4 0.0%
83.7 0.4%
84.0 0.3%
84.6 0.7%
85.3 0.8%
86.0 0.9%
86.3 0.3%
86.2 -0.1%
86.0 -0.3%
85.6 -0.5%
85.7 0.2%
85.7 -0.1%
86.0 0.3%
85.8 -0.2%
84.9 -1.0%
84.7 -0.3%
84.9 0.3%
85.1 0.2%
85.5 0.5%
85.9 0.5%
86.5 0.7%
86.3 -0.3%
86.4 0.1%
86.7 0.3%
86.9 0.3%
87.0 0.0%
86.8 -0.2%
87.0 0.2%
87.2 0.2%
87.6 0.4%
88.0 0.5%
88.1 0.1%
88.0 -0.1%
87.6 -0.4%
87.9 0.4%
87.8 -0.2%
87.6 -0.2%
87.7 0.0%
87.7 0.1%
88.1 0.4%
88.2 0.1%
88.2 0.0%
88.2 0.0%
88.2 0.0%
87.8 -0.4%
87.4 -0.5%
87.4 0.1%
87.8 0.5%
87.8 0.0%
87.7 -0.2%
87.7 0.0%
87.7 0.0%
87.7 0.0%
87.7 0.0%
87.7 0.0%
87.7 0.0%
87.7 0.0%
87.7 0.0%
87.7 0.0%
FPT HIST MA2 MA4 MA6
1.a. Standard Dev. of Price 0.00 60.45 63.63 63.49 2.23
1.c. Largest month increase 0.0 19.6 29.6 21.1 5.8

FPT HIST MA2 MA4 MA6 FPT HIST
2003m12 0.0 135.7 159.8 156.2 83.7
2004m1 0.0 135.7 162.5 159.8 83.8 0.0 0.0
2004m2 0.0 131.7 169.8 165.1 83.8 0.0 -4.0
2004m3 0.0 131.7 174.8 168.7 83.8 0.0 0.0
2004m4 0.0 131.7 187.0 178.6 83.9 0.0 0.0
2004m5 0.0 150.7 198.3 186.5 83.8 0.0 19.0
2004m6 0.0 150.7 187.2 186.7 83.7 0.0 0.0
2004m7 0.0 150.7 183.3 190.3 83.6 0.0 0.0
2004m8 0.0 150.7 189.8 188.0 83.5 0.0 0.0
2004m9 0.0 150.7 194.5 188.4 83.4 0.0 0.0
2004m10 0.0 150.7 204.4 196.6 83.3 0.0 0.0
2004m11 0.0 150.7 204.5 199.0 83.2 0.0 0.0
2004m12 0.0 150.7 189.6 196.5 83.1 0.0 0.0
2005m1 0.0 150.7 183.0 193.6 83.1 0.0 0.0
2005m2 0.0 170.2 193.3 191.9 83.3 0.0 19.5
2005m3 0.0 170.2 214.4 201.1 84.2 0.0 0.0
2005m4 0.0 170.2 223.5 209.6 83.7 0.0 0.0
2005m5 0.0 170.2 219.2 215.8 83.8 0.0 0.0
2005m6 0.0 185.0 216.7 220.4 83.8 0.0 14.8
2005m7 0.0 185.0 225.2 222.3 83.8 0.0 0.0
2005m8 0.0 185.0 241.2 228.9 83.8 0.0 0.0
2005m9 0.0 201.3 258.9 242.3 83.9 0.0 16.3
2005m10 0.0 201.3 263.0 253.2 84.2 0.0 0.0
2005m11 0.0 201.3 243.3 252.0 84.2 0.0 0.0
2005m12 0.0 216.6 226.0 244.5 84.2 0.0 15.3
2006m1 0.0 216.6 234.0 238.7 84.2 0.0 0.0
2006m2 0.0 225.2 240.1 233.0 84.2 0.0 8.6
2006m3 0.0 225.2 241.8 237.9 84.2 0.0 0.0
2006m4 0.0 225.2 257.1 248.6 84.2 0.0 0.0
2006m5 0.0 242.2 273.2 257.5 84.2 0.0 17.1
2006m6 0.0 241.5 272.9 265.0 84.2 0.0 -0.7
2006m7 0.0 241.5 265.6 269.4 84.2 0.0 0.0
2006m8 0.0 241.5 266.8 269.9 84.2 0.0 0.0
2006m9 0.0 241.5 257.7 261.7 84.2 0.0 0.0
2006m10 0.0 241.5 237.8 252.3 84.2 0.0 0.0
2006m11 0.0 236.2 234.0 245.9 84.2 0.0 -5.4
2006m12 0.0 236.2 242.7 240.3 84.2 0.0 0.0
2007m1 0.0 236.2 240.4 237.2 84.2 0.0 0.0
2007m2 0.0 236.2 239.6 241.1 84.2 0.0 0.0
2007m3 0.0 247.3 247.7 243.9 84.1 0.0 11.1
2007m4 0.0 247.3 250.8 243.4 83.6 0.0 0.0
2007m5 0.0 247.3 250.6 245.4 83.0 0.0 0.0
2007m6 0.0 252.4 253.5 250.2 83.0 0.0 5.1
2007m7 0.0 242.8 257.8 252.7 82.5 0.0 -9.5
2007m8 0.0 242.8 255.8 253.9 82.7 0.0 0.0
2007m9 0.0 242.8 254.3 256.9 82.8 0.0 0.0
2007m10 0.0 242.8 264.4 259.0 82.4 0.0 0.0
2007m11 0.0 260.4 277.4 262.7 81.9 0.0 17.6
2007m12 0.0 260.4 282.2 272.5 82.2 0.0 0.0
2008m1 0.0 260.4 274.8 276.8 82.1 0.0 0.0
2008m2 0.0 260.4 282.4 282.3 82.2 0.0 0.0
2008m3 0.0 260.4 298.7 284.4 81.5 0.0 0.0
2008m4 0.0 260.4 318.1 295.7 81.1 0.0 0.0
2008m5 0.0 260.4 340.2 316.9 80.9 0.0 0.0
2008m6 0.0 280.0 354.4 333.4 80.5 0.0 19.6
2008m7 0.0 285.0 348.0 338.2 79.7 0.0 5.0
2008m8 0.0 285.0 323.6 334.2 79.6 0.0 0.0
2008m9 0.0 285.0 296.7 323.8 80.0 0.0 0.0
2008m10 0.0 231.2 273.6 308.1 81.5 0.0 -53.8
2008m11 0.0 231.2 200.9 235.1 77.0 0.0 0.0
2008m12 0.0 231.2 202.8 243.6 82.8 0.0 0.0
2009m1 0.0 231.2 192.1 215.7 83.1 0.0 0.0
2009m2 0.0 221.0 190.2 197.1 83.1 0.0 -10.2
2009m3 0.0 221.0 186.2 190.4 83.6 0.0 0.0
2009m4 0.0 205.0 192.5 193.2 83.9 0.0 -16.0
2009m5 0.0 205.0 203.1 195.5 84.1 0.0 0.0
2009m6 0.0 205.0 218.2 205.0 83.7 0.0 0.0
2009m7 0.0 205.0 226.6 213.9 83.7 0.0 0.0
2009m8 0.0 205.0 228.4 222.2 83.3 0.0 0.0
2009m9 0.0 205.0 230.9 227.6 83.3 0.0 0.0
2009m10 0.0 215.2 233.1 230.7 83.3 0.0 10.2
2009m11 0.0 215.2 241.9 236.8 83.4 0.0 0.0
2009m12 0.0 225.4 242.9 238.5 83.5 0.0 10.2
2010m1 0.0 228.6 242.8 242.5 83.4 0.0 3.1
2010m2 0.0 228.6 243.5 243.0 83.4 0.0 0.0
2010m3 0.0 235.0 249.7 247.2 83.7 0.0 6.4
2010m4 0.0 252.9 263.0 255.2 84.0 0.0 17.9
2010m5 0.0 252.9 266.5 261.0 84.6 0.0 0.0
2010m6 0.0 252.9 264.1 267.9 85.3 0.0 0.0
2010m7 0.0 259.3 268.1 272.1 86.0 0.0 6.4
2010m8 0.0 259.3 271.0 270.9 86.3 0.0 0.0
2010m9 0.0 259.3 274.1 271.9 86.2 0.0 0.0
2010m10 0.0 264.5 280.3 274.7 86.0 0.0 5.2
2010m11 0.0 270.1 285.6 277.7 85.6 0.0 5.6
2010m12 0.0 277.5 293.7 286.0 85.7 0.0 7.4
2011m1 0.0 280.1 302.9 294.5 85.7 0.0 2.6
2011m2 0.0 280.1 320.1 307.7 86.0 0.0 0.0
2011m3 0.0 287.1 344.8 324.2 85.8 0.0 7.0
2011m4 0.0 287.1 359.4 335.6 84.9 0.0 0.0
2011m5 0.0 292.8 352.7 343.8 84.7 0.0 5.6
2011m6 0.0 298.1 342.0 350.5 84.9 0.0 5.3
2011m7 0.0 303.1 343.0 349.9 85.1 0.0 5.0
2011m8 0.0 303.1 342.4 345.0 85.5 0.0 0.0
2011m9 0.0 306.2 341.6 346.1 85.9 0.0 3.1
2011m10 0.0 309.4 352.4 352.1 86.5 0.0 3.1
2011m11 0.0 309.4 358.2 351.7 86.3 0.0 0.0
2011m12 0.0 314.8 351.4 351.3 86.4 0.0 5.4
2012m1 0.0 316.8 349.3 355.5 86.7 0.0 2.0
2012m2 0.0 316.8 366.3 361.3 86.9 0.0 0.0
2012m3 0.0 325.6 379.7 365.9 87.0 0.0 8.8
2012m4 0.0 325.6 378.4 371.7 86.8 0.0 0.0
2012m5 0.0 329.4 363.7 371.8 87.0 0.0 3.8
2012m6 0.0 329.4 338.9 360.5 87.2 0.0 0.0
2012m7 0.0 332.6 335.1 352.0 87.6 0.0 3.1
2012m8 0.0 332.6 364.7 355.2 88.0 0.0 0.0
2012m9 0.0 333.3 385.9 362.7 88.1 0.0 0.8
2012m10 0.0 333.3 384.8 374.7 88.0 0.0 0.0
2012m11 0.0 333.3 371.1 376.2 87.6 0.0 0.0
2012m12 0.0 333.3 362.4 373.4 87.9 0.0 0.0
2013m1 0.0 333.3 362.9 367.7 87.8 0.0 0.0
2013m2 0.0 335.2 374.6 367.2 87.6 0.0 1.8
2013m3 0.0 335.2 370.7 366.3 87.7 0.0 0.0
2013m4 0.0 335.2 355.7 365.7 87.7 0.0 0.0
2013m5 0.0 335.2 350.7 362.7 88.1 0.0 0.0
2013m6 0.0 335.2 351.9 355.7 88.2 0.0 0.0
2013m7 0.0 335.2 361.0 356.3 88.2 0.0 0.0
2013m8 0.0 335.2 369.8 360.9 88.2 0.0 0.0
2013m9 0.0 335.9 370.3 365.5 88.2 0.0 0.7
2013m10 0.0 335.9 361.3 363.8 87.8 0.0 0.0
2013m11 0.0 335.9 350.3 356.7 87.4 0.0 0.0
2013m12 0.0 335.9 352.2 355.0 87.4 0.0 0.0
2014m1 0.0 335.9 356.5 355.5 87.8 0.0 0.0
2014m2 0.0 335.9 357.3 356.5 87.8 0.0 0.0
2014m3 0.0 335.9 354.8 355.0 87.7 0.0 0.0
2014m4 0.0 335.9 353.7 354.9 87.7 0.0 0.0
2014m5 0.0 335.9 359.0 356.9 87.7 0.0 0.0
2014m6 0.0 335.9 359.4 356.6 87.7 0.0 0.0
2014m7 0.0 336.0 355.7 357.4 87.7 0.0 0.2
2014m8 0.0 336.0 353.2 356.3 87.7 0.0 0.0
2014m9 0.0 336.0 346.9 351.3 87.7 0.0 0.0
2014m10 0.0 315.0 330.1 341.6 87.7 0.0 -21.0
2014m11 0.0 300.0 312.6 329.7 87.7 0.0 -15.0
2014m12 0.0 250.0 281.9 306.0 87.7 0.0 -50.0
MA2 MA4 MA6
2.6 3.6 0.1

7.3 5.3 0.0
5.1 3.6 0.0
12.2 9.9 0.1
11.3 8.0 -0.1
-11.0 0.1 -0.1
-4.0 3.6 -0.1
6.5 -2.2 -0.1
4.8 0.4 -0.1
9.9 8.2 -0.1
0.1 2.4 -0.1
-14.9 -2.6 -0.1
-6.6 -2.9 0.0
10.3 -1.7 0.1
21.1 9.2 0.9
9.1 8.5 -0.5
-4.3 6.2 0.1
-2.5 4.6 0.0
8.5 1.9 0.0
15.9 6.6 0.0
17.7 13.4 0.1
4.1 10.8 0.3
-19.7 -1.2 0.0
-17.3 -7.5 0.0
8.1 -5.8 0.0
6.1 -5.6 0.0
1.7 4.9 0.0
15.3 10.7 0.0
16.1 8.9 0.0
-0.4 7.5 0.0
-7.3 4.4 0.0
1.3 0.4 0.0
-9.1 -8.2 0.0
-19.9 -9.3 0.0
-3.8 -6.5 0.0
8.7 -5.6 0.0
-2.3 -3.1 0.0
-0.8 3.9 0.0
8.1 2.8 0.0
3.1 -0.5 -0.6
-0.2 2.1 -0.6
2.9 4.8 0.0
4.3 2.5 -0.4
-1.9 1.1 0.2
-1.6 3.1 0.1
10.2 2.1 -0.4
13.0 3.7 -0.5
4.9 9.7 0.3
-7.4 4.3 -0.1
7.6 5.5 0.1
16.4 2.2 -0.7
19.3 11.3 -0.4
22.2 21.1 -0.2
14.2 16.6 -0.4
-6.4 4.7 -0.7
-24.4 -4.0 -0.1
-26.9 -10.4 0.4
-23.1 -15.6 1.5
-72.7 -73.0 -4.4
1.9 8.5 5.8
-10.7 -27.9 0.3
-2.0 -18.6 0.0
-4.0 -6.7 0.6
6.3 2.8 0.2
10.6 2.4 0.2
15.1 9.5 -0.3
8.4 8.9 -0.1
1.8 8.3 -0.3
2.6 5.4 -0.1
2.1 3.1 0.0
8.9 6.2 0.1
0.9 1.6 0.1
-0.1 4.0 -0.1
0.7 0.5 0.0
6.2 4.3 0.3
13.4 8.0 0.3
3.5 5.8 0.6
-2.5 6.9 0.7
4.1 4.2 0.7
2.8 -1.2 0.3
3.2 0.9 -0.1
6.1 2.8 -0.2
5.4 3.0 -0.4
8.1 8.3 0.1
9.1 8.5 -0.1
17.2 13.2 0.3
24.7 16.5 -0.2
14.7 11.4 -0.8
-6.7 8.2 -0.3
-10.8 6.7 0.2
1.0 -0.6 0.2
-0.6 -4.9 0.4
-0.8 1.1 0.4
10.8 6.1 0.6
5.8 -0.4 -0.2
-6.8 -0.4 0.1
-2.0 4.2 0.3
17.0 5.7 0.3
13.4 4.6 0.0
-1.3 5.8 -0.2
-14.7 0.1 0.2
-24.8 -11.3 0.2
-3.7 -8.5 0.4
29.6 3.2 0.4
21.1 7.5 0.1
-1.0 12.0 -0.1
-13.7 1.5 -0.4
-8.7 -2.8 0.3
0.5 -5.7 -0.2
11.7 -0.5 -0.1
-4.0 -0.9 0.0
-15.0 -0.6 0.1
-4.9 -3.0 0.3
1.1 -7.0 0.1
9.1 0.6 0.0
8.8 4.6 0.0
0.5 4.6 0.0
-9.0 -1.7 -0.3
-11.0 -7.2 -0.5
1.9 -1.7 0.1
4.3 0.5 0.4
0.8 1.0 0.0
-2.5 -1.5 -0.1
-1.1 -0.1 0.0
5.3 2.0 0.0
0.4 -0.4 0.0
-3.7 0.8 0.0
-2.6 -1.1 0.0
-6.3 -5.0 0.0
-16.8 -9.7 0.0
-17.5 -11.9 0.0
-30.7 -23.8 0.0
450
(LCU/liter)
400
350
300
250
200
150
100
50
2.a. Standard Dev. of Taxes 0.0 60.5 63.6 63.5 2.2
2.c. Largest month decrease 0.0 53.8 72.7 73.0 4.4

Year Month FPT HIST MA2 MA4 MA6 FPT HIST
2003 2003m12 0.0 135.7 159.8 156.2 83.7
2004 2004m1 0.0 135.7 162.5 159.8 83.8 0.0 0.0
2004 2004m2 0.0 131.7 169.8 165.1 83.8 0.0 -4.0
2004 2004m3 0.0 131.7 174.8 168.7 83.8 0.0 0.0
2004 2004m4 0.0 131.7 187.0 178.6 83.9 0.0 0.0
2004 2004m5 0.0 150.7 198.3 186.5 83.8 0.0 19.0
2004 2004m6 0.0 150.7 187.2 186.7 83.7 0.0 0.0
2004 2004m7 0.0 150.7 183.3 190.3 83.6 0.0 0.0
2004 2004m8 0.0 150.7 189.8 188.0 83.5 0.0 0.0
2004 2004m9 0.0 150.7 194.5 188.4 83.4 0.0 0.0
2004 2004m10 0.0 150.7 204.4 196.6 83.3 0.0 0.0
2004 2004m11 0.0 150.7 204.5 199.0 83.2 0.0 0.0
2004 2004m12 0.0 150.7 189.6 196.5 83.1 0.0 0.0
2005 2005m1 0.0 150.7 183.0 193.6 83.1 0.0 0.0
2005 2005m2 0.0 170.2 193.3 191.9 83.3 0.0 19.5
2005 2005m3 0.0 170.2 214.4 201.1 84.2 0.0 0.0
2005 2005m4 0.0 170.2 223.5 209.6 83.7 0.0 0.0
2005 2005m5 0.0 170.2 219.2 215.8 83.8 0.0 0.0
2005 2005m6 0.0 185.0 216.7 220.4 83.8 0.0 14.8
2005 2005m7 0.0 185.0 225.2 222.3 83.8 0.0 0.0
2005 2005m8 0.0 185.0 241.2 228.9 83.8 0.0 0.0
2005 2005m9 0.0 201.3 258.9 242.3 83.9 0.0 16.3
2005 2005m10 0.0 201.3 263.0 253.2 84.2 0.0 0.0
2005 2005m11 0.0 201.3 243.3 252.0 84.2 0.0 0.0
2005 2005m12 0.0 216.6 226.0 244.5 84.2 0.0 15.3
2006 2006m1 0.0 216.6 234.0 238.7 84.2 0.0 0.0
2006 2006m2 0.0 225.2 240.1 233.0 84.2 0.0 8.6
2006 2006m3 0.0 225.2 241.8 237.9 84.2 0.0 0.0
2006 2006m4 0.0 225.2 257.1 248.6 84.2 0.0 0.0
2006 2006m5 0.0 242.2 273.2 257.5 84.2 0.0 17.1
2006 2006m6 0.0 241.5 272.9 265.0 84.2 0.0 -0.7
2006 2006m7 0.0 241.5 265.6 269.4 84.2 0.0 0.0
2006 2006m8 0.0 241.5 266.8 269.9 84.2 0.0 0.0
2006 2006m9 0.0 241.5 257.7 261.7 84.2 0.0 0.0
2006 2006m10 0.0 241.5 237.8 252.3 84.2 0.0 0.0
2006 2006m11 0.0 236.2 234.0 245.9 84.2 0.0 -5.4
2006 2006m12 0.0 236.2 242.7 240.3 84.2 0.0 0.0
2007 2007m1 0.0 236.2 240.4 237.2 84.2 0.0 0.0
2007 2007m2 0.0 236.2 239.6 241.1 84.2 0.0 0.0
2007 2007m3 0.0 247.3 247.7 243.9 84.1 0.0 11.1
2007 2007m4 0.0 247.3 250.8 243.4 83.6 0.0 0.0
2007 2007m5 0.0 247.3 250.6 245.4 83.0 0.0 0.0
2007 2007m6 0.0 252.4 253.5 250.2 83.0 0.0 5.1
2007 2007m7 0.0 242.8 257.8 252.7 82.5 0.0 -9.5
2007 2007m8 0.0 242.8 255.8 253.9 82.7 0.0 0.0
2007 2007m9 0.0 242.8 254.3 256.9 82.8 0.0 0.0
2007 2007m10 0.0 242.8 264.4 259.0 82.4 0.0 0.0
2007 2007m11 0.0 260.4 277.4 262.7 81.9 0.0 17.6
2007 2007m12 0.0 260.4 282.2 272.5 82.2 0.0 0.0
2008 2008m1 0.0 260.4 274.8 276.8 82.1 0.0 0.0
2008 2008m2 0.0 260.4 282.4 282.3 82.2 0.0 0.0
2008 2008m3 0.0 260.4 298.7 284.4 81.5 0.0 0.0
2008 2008m4 0.0 260.4 318.1 295.7 81.1 0.0 0.0
2008 2008m5 0.0 260.4 340.2 316.9 80.9 0.0 0.0
2008 2008m6 0.0 280.0 354.4 333.4 80.5 0.0 19.6
2008 2008m7 0.0 285.0 348.0 338.2 79.7 0.0 5.0
2008 2008m8 0.0 285.0 323.6 334.2 79.6 0.0 0.0
2008 2008m9 0.0 285.0 296.7 323.8 80.0 0.0 0.0
2008 2008m10 0.0 231.2 273.6 308.1 81.5 0.0 -53.8
2008 2008m11 0.0 231.2 200.9 235.1 77.0 0.0 0.0
2008 2008m12 0.0 231.2 202.8 243.6 82.8 0.0 0.0
2009 2009m1 0.0 231.2 192.1 215.7 83.1 0.0 0.0
2009 2009m2 0.0 221.0 190.2 197.1 83.1 0.0 -10.2
2009 2009m3 0.0 221.0 186.2 190.4 83.6 0.0 0.0
2009 2009m4 0.0 205.0 192.5 193.2 83.9 0.0 -16.0
2009 2009m5 0.0 205.0 203.1 195.5 84.1 0.0 0.0
2009 2009m6 0.0 205.0 218.2 205.0 83.7 0.0 0.0
2009 2009m7 0.0 205.0 226.6 213.9 83.7 0.0 0.0
2009 2009m8 0.0 205.0 228.4 222.2 83.3 0.0 0.0
2009 2009m9 0.0 205.0 230.9 227.6 83.3 0.0 0.0
2009 2009m10 0.0 215.2 233.1 230.7 83.3 0.0 10.2
2009 2009m11 0.0 215.2 241.9 236.8 83.4 0.0 0.0
2009 2009m12 0.0 225.4 242.9 238.5 83.5 0.0 10.2
2010 2010m1 0.0 228.6 242.8 242.5 83.4 0.0 3.1
2010 2010m2 0.0 228.6 243.5 243.0 83.4 0.0 0.0
2010 2010m3 0.0 235.0 249.7 247.2 83.7 0.0 6.4
2010 2010m4 0.0 252.9 263.0 255.2 84.0 0.0 17.9
2010 2010m5 0.0 252.9 266.5 261.0 84.6 0.0 0.0
2010 2010m6 0.0 252.9 264.1 267.9 85.3 0.0 0.0
2010 2010m7 0.0 259.3 268.1 272.1 86.0 0.0 6.4
2010 2010m8 0.0 259.3 271.0 270.9 86.3 0.0 0.0
2010 2010m9 0.0 259.3 274.1 271.9 86.2 0.0 0.0
2010 2010m10 0.0 264.5 280.3 274.7 86.0 0.0 5.2
2010 2010m11 0.0 270.1 285.6 277.7 85.6 0.0 5.6
2010 2010m12 0.0 277.5 293.7 286.0 85.7 0.0 7.4
2011 2011m1 0.0 280.1 302.9 294.5 85.7 0.0 2.6
2011 2011m2 0.0 280.1 320.1 307.7 86.0 0.0 0.0
2011 2011m3 0.0 287.1 344.8 324.2 85.8 0.0 7.0
2011 2011m4 0.0 287.1 359.4 335.6 84.9 0.0 0.0
2011 2011m5 0.0 292.8 352.7 343.8 84.7 0.0 5.6
2011 2011m6 0.0 298.1 342.0 350.5 84.9 0.0 5.3
2011 2011m7 0.0 303.1 343.0 349.9 85.1 0.0 5.0
2011 2011m8 0.0 303.1 342.4 345.0 85.5 0.0 0.0
2011 2011m9 0.0 306.2 341.6 346.1 85.9 0.0 3.1
2011 2011m10 0.0 309.4 352.4 352.1 86.5 0.0 3.1
2011 2011m11 0.0 309.4 358.2 351.7 86.3 0.0 0.0
2011 2011m12 0.0 314.8 351.4 351.3 86.4 0.0 5.4
2012 2012m1 0.0 316.8 349.3 355.5 86.7 0.0 2.0
2012 2012m2 0.0 316.8 366.3 361.3 86.9 0.0 0.0
2012 2012m3 0.0 325.6 379.7 365.9 87.0 0.0 8.8
2012 2012m4 0.0 325.6 378.4 371.7 86.8 0.0 0.0
2012 2012m5 0.0 329.4 363.7 371.8 87.0 0.0 3.8
2012 2012m6 0.0 329.4 338.9 360.5 87.2 0.0 0.0
2012 2012m7 0.0 332.6 335.1 352.0 87.6 0.0 3.1
2012 2012m8 0.0 332.6 364.7 355.2 88.0 0.0 0.0
2012 2012m9 0.0 333.3 385.9 362.7 88.1 0.0 0.8
2012 2012m10 0.0 333.3 384.8 374.7 88.0 0.0 0.0
2012 2012m11 0.0 333.3 371.1 376.2 87.6 0.0 0.0
2012 2012m12 0.0 333.3 362.4 373.4 87.9 0.0 0.0
2013 2013m1 0.0 333.3 362.9 367.7 87.8 0.0 0.0
2013 2013m2 0.0 335.2 374.6 367.2 87.6 0.0 1.8
2013 2013m3 0.0 335.2 370.7 366.3 87.7 0.0 0.0
2013 2013m4 0.0 335.2 355.7 365.7 87.7 0.0 0.0
2013 2013m5 0.0 335.2 350.7 362.7 88.1 0.0 0.0
2013 2013m6 0.0 335.2 351.9 355.7 88.2 0.0 0.0
2013 2013m7 0.0 335.2 361.0 356.3 88.2 0.0 0.0
2013 2013m8 0.0 335.2 369.8 360.9 88.2 0.0 0.0
2013 2013m9 0.0 335.9 370.3 365.5 88.2 0.0 0.7
2013 2013m10 0.0 335.9 361.3 363.8 87.8 0.0 0.0
2013 2013m11 0.0 335.9 350.3 356.7 87.4 0.0 0.0
2013 2013m12 0.0 335.9 352.2 355.0 87.4 0.0 0.0
2014 2014m1 0.0 335.9 356.5 355.5 87.8 0.0 0.0
2014 2014m2 0.0 335.9 357.3 356.5 87.8 0.0 0.0
2014 2014m3 0.0 335.9 354.8 355.0 87.7 0.0 0.0
2014 2014m4 0.0 335.9 353.7 354.9 87.7 0.0 0.0
2014 2014m5 0.0 335.9 359.0 356.9 87.7 0.0 0.0
2014 2014m6 0.0 335.9 359.4 356.6 87.7 0.0 0.0
2014 2014m7 0.0 336.0 355.7 357.4 87.7 0.0 0.2
2014 2014m8 0.0 336.0 353.2 356.3 87.7 0.0 0.0
2014 2014m9 0.0 336.0 346.9 351.3 87.7 0.0 0.0
2014 2014m10 0.0 315.0 330.1 341.6 87.7 0.0 -21.0
2014 2014m11 0.0 300.0 312.6 329.7 87.7 0.0 -15.0
2014 2014m12 0.0 250.0 281.9 306.0 87.7 0.0 -50.0
MA2 MA4 MA6
2.6 3.6 0.1

7.3 5.3 0.0
5.1 3.6 0.0
12.2 9.9 0.1
11.3 8.0 -0.1
-11.0 0.1 -0.1
-4.0 3.6 -0.1
6.5 -2.2 -0.1
4.8 0.4 -0.1
9.9 8.2 -0.1
0.1 2.4 -0.1
-14.9 -2.6 -0.1
-6.6 -2.9 0.0
10.3 -1.7 0.1
21.1 9.2 0.9
9.1 8.5 -0.5
-4.3 6.2 0.1
-2.5 4.6 0.0
8.5 1.9 0.0
15.9 6.6 0.0
17.7 13.4 0.1
4.1 10.8 0.3
-19.7 -1.2 0.0
-17.3 -7.5 0.0
8.1 -5.8 0.0
6.1 -5.6 0.0
1.7 4.9 0.0
15.3 10.7 0.0
16.1 8.9 0.0
-0.4 7.5 0.0
-7.3 4.4 0.0
1.3 0.4 0.0
-9.1 -8.2 0.0
-19.9 -9.3 0.0
-3.8 -6.5 0.0
8.7 -5.6 0.0
-2.3 -3.1 0.0
-0.8 3.9 0.0
8.1 2.8 0.0
3.1 -0.5 -0.6
-0.2 2.1 -0.6
2.9 4.8 0.0
4.3 2.5 -0.4
-1.9 1.1 0.2
-1.6 3.1 0.1
10.2 2.1 -0.4
13.0 3.7 -0.5
4.9 9.7 0.3
-7.4 4.3 -0.1
7.6 5.5 0.1
16.4 2.2 -0.7
19.3 11.3 -0.4
22.2 21.1 -0.2
14.2 16.6 -0.4
-6.4 4.7 -0.7
-24.4 -4.0 -0.1
-26.9 -10.4 0.4
-23.1 -15.6 1.5
-72.7 -73.0 -4.4
1.9 8.5 5.8
-10.7 -27.9 0.3
-2.0 -18.6 0.0
-4.0 -6.7 0.6
6.3 2.8 0.2
10.6 2.4 0.2
15.1 9.5 -0.3
8.4 8.9 -0.1
1.8 8.3 -0.3
2.6 5.4 -0.1
2.1 3.1 0.0
8.9 6.2 0.1
0.9 1.6 0.1
-0.1 4.0 -0.1
0.7 0.5 0.0
6.2 4.3 0.3
13.4 8.0 0.3
3.5 5.8 0.6
-2.5 6.9 0.7
4.1 4.2 0.7
2.8 -1.2 0.3
3.2 0.9 -0.1
6.1 2.8 -0.2
5.4 3.0 -0.4
8.1 8.3 0.1
9.1 8.5 -0.1
17.2 13.2 0.3
24.7 16.5 -0.2
14.7 11.4 -0.8
-6.7 8.2 -0.3
-10.8 6.7 0.2
1.0 -0.6 0.2
-0.6 -4.9 0.4
-0.8 1.1 0.4
10.8 6.1 0.6
5.8 -0.4 -0.2
-6.8 -0.4 0.1
-2.0 4.2 0.3
17.0 5.7 0.3
13.4 4.6 0.0
-1.3 5.8 -0.2
-14.7 0.1 0.2
-24.8 -11.3 0.2
-3.7 -8.5 0.4
29.6 3.2 0.4
21.1 7.5 0.1
-1.0 12.0 -0.1
-13.7 1.5 -0.4
-8.7 -2.8 0.3
0.5 -5.7 -0.2
11.7 -0.5 -0.1
-4.0 -0.9 0.0
-15.0 -0.6 0.1
-4.9 -3.0 0.3
1.1 -7.0 0.1
9.1 0.6 0.0
8.8 4.6 0.0
0.5 4.6 0.0
-9.0 -1.7 -0.3
-11.0 -7.2 -0.5
1.9 -1.7 0.1
4.3 0.5 0.4
0.8 1.0 0.0
-2.5 -1.5 -0.1
-1.1 -0.1 0.0
5.3 2.0 0.0
0.4 -0.4 0.0
-3.7 0.8 0.0
-2.6 -1.1 0.0
-6.3 -5.0 0.0
-16.8 -9.7 0.0
-17.5 -11.9 0.0
-30.7 -23.8 0.0
450
(LCU/liter)
400
350
300
250
200
150
100
50
0
Annual diesel taxes (in billions of LCU) = Average
diesel tax per lite * daily diesel
consumption*365/1000
Historical Historical
FPT MA2 MA4 MA6 FPT MA2
price price
2004 0.0 144.7 187.1 183.7 83.6 0.0 0.0

2005 0.0 183.9 225.7 223.0 83.9 0.0 0.0
2006 0.0 234.5 252.0 251.7 84.2 0.0 0.0
2007 0.0 246.5 256.2 251.6 83.1 0.0 0.0
2008 0.0 260.9 292.9 297.7 80.7 0.0 0.0
2009 0.0 213.2 215.5 213.9 83.5 0.0 0.0
2010 0.0 253.4 266.9 264.2 85.0 0.0 0.0
2011 0.0 297.6 342.6 337.7 85.6 0.0 0.0
2012 0.0 328.5 365.0 365.1 87.4 0.0 0.0
2013 0.0 335.3 361.0 362.0 87.9 0.0 0.0
2014 0.0 324.0 343.4 348.1 87.7 0.0 0.0
n billions of LCU) = Average
ly diesel Diesel tax revenue (in percent of GDP) = (Annual diesel taxes)
00
Diesel Taxes (LCU billion) 3.5. Diesel tax revenue (percent of GDP)
Diesel consumption Historical

MA4 MA6 FPT MA2
(Million Liter per day) price
10.0 2004 0.0% 0.0%

10.4 2005 0.0% 0.0%
11.3 2006 0.0% 0.0%
12.0 2007 0.0% 0.0%
12.7 2008 0.0% 0.0%
13.1 2009 0.0% 0.0%
14.1 2010 0.0% 0.0%
15.2 2011 0.0% 0.0%
16.3 2012 0.0% 0.0%
17.1 2013 0.0% 0.0%
18.1 2014 0.0% 0.0%
Historical
FPT MA2
price
Average
(2004-14) 0.0% 0.0% #DIV/0!
GDP) = (Annual diesel taxes)/GDP
ue (percent of GDP)
MA4 MA6 GDP (LCU billion)
21050.0
21663.7
22381.6
22785.5
23174.5
24128.8
24612.6
26027.1
26655.4
27378.8
27294.8
MA4 MA6
#DIV/0! #DIV/0!
1.6%
1.4%
1.2%
FPT
1.0%
Historical price
MA2
0.8%
MA4
0.6% MA6
0.4%
0.2%
0.0%
0.0% 0.0%
Average (2004-14)
-0.2%
FPT HIST PB3 PB5 PB10 MA2
1.a. Standard Dev. of Price 0.0 60.5 34.1 30.3 22.6 63.6
1.b. Squared price changes (average) 0.0 77.9 2.1 3.6 7.3 160.3
1.c. Largest month increase 0.0 19.6 0.1 0.0 0.0 29.6
2nd largest month increase 0.0 19.5 0.1 0.0 0.0 24.7
3rd largest month increase 0.0 19.0 0.1 0.0 0.0 22.2
1.d. Two largest decrease (average) 0.0 19.6 0.1 0.0 0.0 27.1
1.e. Three largest decrease (average) 0.0 19.4 0.1 0.0 0.0 25.5
) Diesel Price
MA4 MA6 FPT HIST PB3 PB5 PB10
2003m12 0.0 135.7 135.7 135.7 135.7
63.5 2.2 2004m1 0.0 135.7 131.6 128.9 122.1
95.3 0.5 2004m2 0.0 131.7 127.7 122.5 109.9
21.1 5.8 2004m3 0.0 131.7 123.8 116.3 98.9
16.6 1.5 2004m4 0.0 131.7 120.1 110.5 89.0
16.5 0.9 2004m5 0.0 150.7 116.5 105.0 80.1
18.8 3.6 2004m6 0.0 150.7 113.0 99.8 72.1
18.1 2.7 2004m7 0.0 150.7 109.6 94.8 64.9
2004m8 0.0 150.7 106.4 90.0 58.4
2004m9 0.0 150.7 103.2 85.5 52.6
2004m10 0.0 150.7 100.1 81.2 47.3
2004m11 0.0 150.7 97.1 77.2 42.6
2004m12 0.0 150.7 94.2 73.3 38.3
2005m1 0.0 150.7 91.3 69.7 34.5
2005m2 0.0 170.2 88.6 66.2 31.0
2005m3 0.0 170.2 85.9 62.9 27.9
2005m4 0.0 170.2 83.4 59.7 25.1
2005m5 0.0 170.2 80.9 56.7 22.6
2005m6 0.0 185.0 78.4 53.9 20.4
2005m7 0.0 185.0 76.1 51.2 18.3
2005m8 0.0 185.0 73.8 48.6 16.5
2005m9 0.0 201.3 71.6 46.2 14.8
2005m10 0.0 201.3 69.4 43.9 13.4
2005m11 0.0 201.3 67.3 41.7 12.0
2005m12 0.0 216.6 65.3 39.6 10.8
2006m1 0.0 216.6 63.4 37.6 9.7
2006m2 0.0 225.2 61.5 35.8 8.8
2006m3 0.0 225.2 59.6 34.0 7.9
2006m4 0.0 225.2 57.8 32.3 7.1
2006m5 0.0 242.2 56.1 30.7 6.4
2006m6 0.0 241.5 54.4 29.1 5.8
2006m7 0.0 241.5 52.8 27.7 5.2
2006m8 0.0 241.5 51.2 26.3 4.7
2006m9 0.0 241.5 49.7 25.0 4.2
2006m10 0.0 241.5 48.2 23.7 3.8
2006m11 0.0 236.2 46.7 22.5 3.4
2006m12 0.0 236.2 45.3 21.4 3.1
2007m1 0.0 236.2 44.0 20.3 2.8
2007m2 0.0 236.2 42.6 19.3 2.5
2007m3 0.0 247.3 41.4 18.4 2.2
2007m4 0.0 247.3 40.1 17.4 2.0
2007m5 0.0 247.3 38.9 16.6 1.8
2007m6 0.0 252.4 37.8 15.7 1.6
2007m7 0.0 242.8 36.6 15.0 1.5
2007m8 0.0 242.8 35.5 14.2 1.3
2007m9 0.0 242.8 34.5 13.5 1.2
2007m10 0.0 242.8 33.4 12.8 1.1
2007m11 0.0 260.4 32.4 12.2 1.0
2007m12 0.0 260.4 31.5 11.6 0.9
2008m1 0.0 260.4 30.5 11.0 0.8
2008m2 0.0 260.4 29.6 10.4 0.7
2008m3 0.0 260.4 28.7 9.9 0.6
2008m4 0.0 260.4 27.8 9.4 0.6
2008m5 0.0 260.4 27.0 9.0 0.5
2008m6 0.0 280.0 26.2 8.5 0.5
2008m7 0.0 285.0 25.4 8.1 0.4
2008m8 0.0 285.0 24.6 7.7 0.4
2008m9 0.0 285.0 23.9 7.3 0.3
2008m10 0.0 231.2 23.2 6.9 0.3
2008m11 0.0 231.2 22.5 6.6 0.3
2008m12 0.0 231.2 21.8 6.3 0.2
2009m1 0.0 231.2 21.2 5.9 0.2
2009m2 0.0 221.0 20.5 5.6 0.2
2009m3 0.0 221.0 19.9 5.4 0.2
2009m4 0.0 205.0 19.3 5.1 0.2
2009m5 0.0 205.0 18.7 4.8 0.1
2009m6 0.0 205.0 18.2 4.6 0.1
2009m7 0.0 205.0 17.6 4.4 0.1
2009m8 0.0 205.0 17.1 4.1 0.1
2009m9 0.0 205.0 16.6 3.9 0.1
2009m10 0.0 215.2 16.1 3.7 0.1
2009m11 0.0 215.2 15.6 3.6 0.1
2009m12 0.0 225.4 15.1 3.4 0.1
2010m1 0.0 228.6 14.7 3.2 0.1
2010m2 0.0 228.6 14.2 3.0 0.1
2010m3 0.0 235.0 13.8 2.9 0.1
2010m4 0.0 252.9 13.4 2.8 0.0
2010m5 0.0 252.9 13.0 2.6 0.0
2010m6 0.0 252.9 12.6 2.5 0.0
2010m7 0.0 259.3 12.2 2.4 0.0
2010m8 0.0 259.3 11.9 2.2 0.0
2010m9 0.0 259.3 11.5 2.1 0.0
2010m10 0.0 264.5 11.2 2.0 0.0
2010m11 0.0 270.1 10.8 1.9 0.0
2010m12 0.0 277.5 10.5 1.8 0.0
2011m1 0.0 280.1 10.2 1.7 0.0
2011m2 0.0 280.1 9.9 1.6 0.0
2011m3 0.0 287.1 9.6 1.6 0.0
2011m4 0.0 287.1 9.3 1.5 0.0
2011m5 0.0 292.8 9.0 1.4 0.0
2011m6 0.0 298.1 8.8 1.3 0.0
2011m7 0.0 303.1 8.5 1.3 0.0
2011m8 0.0 303.1 8.2 1.2 0.0
2011m9 0.0 306.2 8.0 1.2 0.0
2011m10 0.0 309.4 7.7 1.1 0.0
2011m11 0.0 309.4 7.5 1.0 0.0
2011m12 0.0 314.8 7.3 1.0 0.0
2012m1 0.0 316.8 7.1 0.9 0.0
2012m2 0.0 316.8 6.9 0.9 0.0
2012m3 0.0 325.6 6.7 0.8 0.0
2012m4 0.0 325.6 6.5 0.8 0.0
2012m5 0.0 329.4 6.3 0.8 0.0
2012m6 0.0 329.4 6.1 0.7 0.0
2012m7 0.0 332.6 5.9 0.7 0.0
2012m8 0.0 332.6 5.7 0.7 0.0
2012m9 0.0 333.3 5.5 0.6 0.0
2012m10 0.0 333.3 5.4 0.6 0.0
2012m11 0.0 333.3 5.2 0.6 0.0
2012m12 0.0 333.3 5.1 0.5 0.0
2013m1 0.0 333.3 4.9 0.5 0.0
2013m2 0.0 335.2 4.8 0.5 0.0
2013m3 0.0 335.2 4.6 0.5 0.0
2013m4 0.0 335.2 4.5 0.4 0.0
2013m5 0.0 335.2 4.3 0.4 0.0
2013m6 0.0 335.2 4.2 0.4 0.0
2013m7 0.0 335.2 4.1 0.4 0.0
2013m8 0.0 335.2 4.0 0.4 0.0
2013m9 0.0 335.9 3.8 0.3 0.0
2013m10 0.0 335.9 3.7 0.3 0.0
2013m11 0.0 335.9 3.6 0.3 0.0
2013m12 0.0 335.9 3.5 0.3 0.0
2014m1 0.0 335.9 3.4 0.3 0.0
2014m2 0.0 335.9 3.3 0.3 0.0
2014m3 0.0 335.9 3.2 0.2 0.0
2014m4 0.0 335.9 3.1 0.2 0.0
2014m5 0.0 335.9 3.0 0.2 0.0
2014m6 0.0 335.9 2.9 0.2 0.0
2014m7 0.0 336.0 2.8 0.2 0.0
2014m8 0.0 336.0 2.8 0.2 0.0
2014m9 0.0 336.0 2.7 0.2 0.0
2014m10 0.0 315.0 2.6 0.2 0.0
2014m11 0.0 300.0 2.5 0.2 0.0
2014m12 0.0 250.0 2.4 0.2 0.0
Monthly change
MA2 MA4 MA6 FPT HIST PB3 PB5 PB10 MA2
159.8 156.2 83.7
162.5 159.8 83.8 0.0 0.0 -4.1 -6.8 -13.6 2.6
169.8 165.1 83.8 0.0 -4.0 -3.9 -6.4 -12.2 7.3
174.8 168.7 83.8 0.0 0.0 -3.8 -6.1 -11.0 5.1
187.0 178.6 83.9 0.0 0.0 -3.7 -5.8 -9.9 12.2
198.3 186.5 83.8 0.0 19.0 -3.6 -5.5 -8.9 11.3
187.2 186.7 83.7 0.0 0.0 -3.5 -5.3 -8.0 -11.0
183.3 190.3 83.6 0.0 0.0 -3.4 -5.0 -7.2 -4.0
189.8 188.0 83.5 0.0 0.0 -3.3 -4.7 -6.5 6.5
194.5 188.4 83.4 0.0 0.0 -3.2 -4.5 -5.8 4.8
204.4 196.6 83.3 0.0 0.0 -3.1 -4.3 -5.3 9.9
204.5 199.0 83.2 0.0 0.0 -3.0 -4.1 -4.7 0.1
189.6 196.5 83.1 0.0 0.0 -2.9 -3.9 -4.3 -14.9
183.0 193.6 83.1 0.0 0.0 -2.8 -3.7 -3.8 -6.6
193.3 191.9 83.3 0.0 19.5 -2.7 -3.5 -3.4 10.3
214.4 201.1 84.2 0.0 0.0 -2.7 -3.3 -3.1 21.1
223.5 209.6 83.7 0.0 0.0 -2.6 -3.1 -2.8 9.1
219.2 215.8 83.8 0.0 0.0 -2.5 -3.0 -2.5 -4.3
216.7 220.4 83.8 0.0 14.8 -2.4 -2.8 -2.3 -2.5
225.2 222.3 83.8 0.0 0.0 -2.4 -2.7 -2.0 8.5
241.2 228.9 83.8 0.0 0.0 -2.3 -2.6 -1.8 15.9
258.9 242.3 83.9 0.0 16.3 -2.2 -2.4 -1.6 17.7
263.0 253.2 84.2 0.0 0.0 -2.1 -2.3 -1.5 4.1
243.3 252.0 84.2 0.0 0.0 -2.1 -2.2 -1.3 -19.7
226.0 244.5 84.2 0.0 15.3 -2.0 -2.1 -1.2 -17.3
234.0 238.7 84.2 0.0 0.0 -2.0 -2.0 -1.1 8.1
240.1 233.0 84.2 0.0 8.6 -1.9 -1.9 -1.0 6.1
241.8 237.9 84.2 0.0 0.0 -1.8 -1.8 -0.9 1.7
257.1 248.6 84.2 0.0 0.0 -1.8 -1.7 -0.8 15.3
273.2 257.5 84.2 0.0 17.1 -1.7 -1.6 -0.7 16.1
272.9 265.0 84.2 0.0 -0.7 -1.7 -1.5 -0.6 -0.4
265.6 269.4 84.2 0.0 0.0 -1.6 -1.5 -0.6 -7.3
266.8 269.9 84.2 0.0 0.0 -1.6 -1.4 -0.5 1.3
257.7 261.7 84.2 0.0 0.0 -1.5 -1.3 -0.5 -9.1
237.8 252.3 84.2 0.0 0.0 -1.5 -1.2 -0.4 -19.9
234.0 245.9 84.2 0.0 -5.4 -1.4 -1.2 -0.4 -3.8
242.7 240.3 84.2 0.0 0.0 -1.4 -1.1 -0.3 8.7
240.4 237.2 84.2 0.0 0.0 -1.4 -1.1 -0.3 -2.3
239.6 241.1 84.2 0.0 0.0 -1.3 -1.0 -0.3 -0.8
247.7 243.9 84.1 0.0 11.1 -1.3 -1.0 -0.2 8.1
250.8 243.4 83.6 0.0 0.0 -1.2 -0.9 -0.2 3.1
250.6 245.4 83.0 0.0 0.0 -1.2 -0.9 -0.2 -0.2
253.5 250.2 83.0 0.0 5.1 -1.2 -0.8 -0.2 2.9
257.8 252.7 82.5 0.0 -9.5 -1.1 -0.8 -0.2 4.3
255.8 253.9 82.7 0.0 0.0 -1.1 -0.7 -0.1 -1.9
254.3 256.9 82.8 0.0 0.0 -1.1 -0.7 -0.1 -1.6
264.4 259.0 82.4 0.0 0.0 -1.0 -0.7 -0.1 10.2
277.4 262.7 81.9 0.0 17.6 -1.0 -0.6 -0.1 13.0
282.2 272.5 82.2 0.0 0.0 -1.0 -0.6 -0.1 4.9
274.8 276.8 82.1 0.0 0.0 -0.9 -0.6 -0.1 -7.4
282.4 282.3 82.2 0.0 0.0 -0.9 -0.5 -0.1 7.6
298.7 284.4 81.5 0.0 0.0 -0.9 -0.5 -0.1 16.4
318.1 295.7 81.1 0.0 0.0 -0.9 -0.5 -0.1 19.3
340.2 316.9 80.9 0.0 0.0 -0.8 -0.5 -0.1 22.2
354.4 333.4 80.5 0.0 19.6 -0.8 -0.4 -0.1 14.2
348.0 338.2 79.7 0.0 5.0 -0.8 -0.4 0.0 -6.4
323.6 334.2 79.6 0.0 0.0 -0.8 -0.4 0.0 -24.4
296.7 323.8 80.0 0.0 0.0 -0.7 -0.4 0.0 -26.9
273.6 308.1 81.5 0.0 -53.8 -0.7 -0.4 0.0 -23.1
200.9 235.1 77.0 0.0 0.0 -0.7 -0.3 0.0 -72.7
202.8 243.6 82.8 0.0 0.0 -0.7 -0.3 0.0 1.9
192.1 215.7 83.1 0.0 0.0 -0.7 -0.3 0.0 -10.7
190.2 197.1 83.1 0.0 -10.2 -0.6 -0.3 0.0 -2.0
186.2 190.4 83.6 0.0 0.0 -0.6 -0.3 0.0 -4.0
192.5 193.2 83.9 0.0 -16.0 -0.6 -0.3 0.0 6.3
203.1 195.5 84.1 0.0 0.0 -0.6 -0.3 0.0 10.6
218.2 205.0 83.7 0.0 0.0 -0.6 -0.2 0.0 15.1
226.6 213.9 83.7 0.0 0.0 -0.5 -0.2 0.0 8.4
228.4 222.2 83.3 0.0 0.0 -0.5 -0.2 0.0 1.8
230.9 227.6 83.3 0.0 0.0 -0.5 -0.2 0.0 2.6
233.1 230.7 83.3 0.0 10.2 -0.5 -0.2 0.0 2.1
241.9 236.8 83.4 0.0 0.0 -0.5 -0.2 0.0 8.9
242.9 238.5 83.5 0.0 10.2 -0.5 -0.2 0.0 0.9
242.8 242.5 83.4 0.0 3.1 -0.5 -0.2 0.0 -0.1
243.5 243.0 83.4 0.0 0.0 -0.4 -0.2 0.0 0.7
249.7 247.2 83.7 0.0 6.4 -0.4 -0.2 0.0 6.2
263.0 255.2 84.0 0.0 17.9 -0.4 -0.1 0.0 13.4
266.5 261.0 84.6 0.0 0.0 -0.4 -0.1 0.0 3.5
264.1 267.9 85.3 0.0 0.0 -0.4 -0.1 0.0 -2.5
268.1 272.1 86.0 0.0 6.4 -0.4 -0.1 0.0 4.1
271.0 270.9 86.3 0.0 0.0 -0.4 -0.1 0.0 2.8
274.1 271.9 86.2 0.0 0.0 -0.4 -0.1 0.0 3.2
280.3 274.7 86.0 0.0 5.2 -0.3 -0.1 0.0 6.1
285.6 277.7 85.6 0.0 5.6 -0.3 -0.1 0.0 5.4
293.7 286.0 85.7 0.0 7.4 -0.3 -0.1 0.0 8.1
302.9 294.5 85.7 0.0 2.6 -0.3 -0.1 0.0 9.1
320.1 307.7 86.0 0.0 0.0 -0.3 -0.1 0.0 17.2
344.8 324.2 85.8 0.0 7.0 -0.3 -0.1 0.0 24.7
359.4 335.6 84.9 0.0 0.0 -0.3 -0.1 0.0 14.7
352.7 343.8 84.7 0.0 5.6 -0.3 -0.1 0.0 -6.7
342.0 350.5 84.9 0.0 5.3 -0.3 -0.1 0.0 -10.8
343.0 349.9 85.1 0.0 5.0 -0.3 -0.1 0.0 1.0
342.4 345.0 85.5 0.0 0.0 -0.3 -0.1 0.0 -0.6
341.6 346.1 85.9 0.0 3.1 -0.2 -0.1 0.0 -0.8
352.4 352.1 86.5 0.0 3.1 -0.2 -0.1 0.0 10.8
358.2 351.7 86.3 0.0 0.0 -0.2 -0.1 0.0 5.8
351.4 351.3 86.4 0.0 5.4 -0.2 -0.1 0.0 -6.8
349.3 355.5 86.7 0.0 2.0 -0.2 0.0 0.0 -2.0
366.3 361.3 86.9 0.0 0.0 -0.2 0.0 0.0 17.0
379.7 365.9 87.0 0.0 8.8 -0.2 0.0 0.0 13.4
378.4 371.7 86.8 0.0 0.0 -0.2 0.0 0.0 -1.3
363.7 371.8 87.0 0.0 3.8 -0.2 0.0 0.0 -14.7
338.9 360.5 87.2 0.0 0.0 -0.2 0.0 0.0 -24.8
335.1 352.0 87.6 0.0 3.1 -0.2 0.0 0.0 -3.7
364.7 355.2 88.0 0.0 0.0 -0.2 0.0 0.0 29.6
385.9 362.7 88.1 0.0 0.8 -0.2 0.0 0.0 21.1
384.8 374.7 88.0 0.0 0.0 -0.2 0.0 0.0 -1.0
371.1 376.2 87.6 0.0 0.0 -0.2 0.0 0.0 -13.7
362.4 373.4 87.9 0.0 0.0 -0.2 0.0 0.0 -8.7
362.9 367.7 87.8 0.0 0.0 -0.2 0.0 0.0 0.5
374.6 367.2 87.6 0.0 1.8 -0.1 0.0 0.0 11.7
370.7 366.3 87.7 0.0 0.0 -0.1 0.0 0.0 -4.0
355.7 365.7 87.7 0.0 0.0 -0.1 0.0 0.0 -15.0
350.7 362.7 88.1 0.0 0.0 -0.1 0.0 0.0 -4.9
351.9 355.7 88.2 0.0 0.0 -0.1 0.0 0.0 1.1
361.0 356.3 88.2 0.0 0.0 -0.1 0.0 0.0 9.1
369.8 360.9 88.2 0.0 0.0 -0.1 0.0 0.0 8.8
370.3 365.5 88.2 0.0 0.7 -0.1 0.0 0.0 0.5
361.3 363.8 87.8 0.0 0.0 -0.1 0.0 0.0 -9.0
350.3 356.7 87.4 0.0 0.0 -0.1 0.0 0.0 -11.0
352.2 355.0 87.4 0.0 0.0 -0.1 0.0 0.0 1.9
356.5 355.5 87.8 0.0 0.0 -0.1 0.0 0.0 4.3
357.3 356.5 87.8 0.0 0.0 -0.1 0.0 0.0 0.8
354.8 355.0 87.7 0.0 0.0 -0.1 0.0 0.0 -2.5
353.7 354.9 87.7 0.0 0.0 -0.1 0.0 0.0 -1.1
359.0 356.9 87.7 0.0 0.0 -0.1 0.0 0.0 5.3
359.4 356.6 87.7 0.0 0.0 -0.1 0.0 0.0 0.4
355.7 357.4 87.7 0.0 0.2 -0.1 0.0 0.0 -3.7
353.2 356.3 87.7 0.0 0.0 -0.1 0.0 0.0 -2.6
346.9 351.3 87.7 0.0 0.0 -0.1 0.0 0.0 -6.3
330.1 341.6 87.7 0.0 -21.0 -0.1 0.0 0.0 -16.8
312.6 329.7 87.7 0.0 -15.0 -0.1 0.0 0.0 -17.5
281.9 306.0 87.7 0.0 -50.0 -0.1 0.0 0.0 -30.7
Squared Monthly change
MA4 MA6 FPT HIST PB3 PB5 PB10 MA2 MA4
3.6 0.1 0.0 0.0 16.6 46.0 184.1 6.8 13.0

5.3 0.0 0.0 16.0 15.6 41.5 149.2 53.5 27.6
3.6 0.0 0.0 0.0 14.7 37.5 120.8 25.6 12.8
9.9 0.1 0.0 0.0 13.8 33.8 97.9 148.4 97.9
8.0 -0.1 0.0 361.0 13.0 30.5 79.3 126.7 63.5
0.1 -0.1 0.0 0.0 12.2 27.6 64.2 121.5 0.0
3.6 -0.1 0.0 0.0 11.5 24.9 52.0 15.7 13.0
-2.2 -0.1 0.0 0.0 10.8 22.5 42.1 41.9 5.0
0.4 -0.1 0.0 0.0 10.2 20.3 34.1 22.7 0.2
8.2 -0.1 0.0 0.0 9.6 18.3 27.6 97.6 66.4
2.4 -0.1 0.0 0.0 9.0 16.5 22.4 0.0 5.9
-2.6 -0.1 0.0 0.0 8.5 14.9 18.1 223.0 6.6
-2.9 0.0 0.0 0.0 8.0 13.4 14.7 43.2 8.3
-1.7 0.1 0.0 381.8 7.5 12.1 11.9 106.2 2.9
9.2 0.9 0.0 0.0 7.1 10.9 9.6 444.9 85.4
8.5 -0.5 0.0 0.0 6.6 9.9 7.8 82.6 71.4
6.2 0.1 0.0 0.0 6.3 8.9 6.3 18.5 38.6
4.6 0.0 0.0 217.9 5.9 8.0 5.1 6.2 21.5
1.9 0.0 0.0 0.0 5.5 7.3 4.1 72.0 3.7
6.6 0.0 0.0 0.0 5.2 6.6 3.4 253.9 43.6
13.4 0.1 0.0 266.7 4.9 5.9 2.7 314.8 179.6
10.8 0.3 0.0 0.0 4.6 5.3 2.2 16.8 117.1
-1.2 0.0 0.0 0.0 4.3 4.8 1.8 387.5 1.5
-7.5 0.0 0.0 234.1 4.1 4.3 1.4 300.6 55.9
-5.8 0.0 0.0 0.0 3.8 3.9 1.2 65.0 33.8
-5.6 0.0 0.0 73.1 3.6 3.5 0.9 36.9 31.7
4.9 0.0 0.0 0.0 3.4 3.2 0.8 3.0 24.0
10.7 0.0 0.0 0.0 3.2 2.9 0.6 233.2 113.9
8.9 0.0 0.0 291.0 3.0 2.6 0.5 259.9 79.8
7.5 0.0 0.0 0.5 2.8 2.4 0.4 0.1 55.5
4.4 0.0 0.0 0.0 2.7 2.1 0.3 53.2 19.5
0.4 0.0 0.0 0.0 2.5 1.9 0.3 1.6 0.2
-8.2 0.0 0.0 0.0 2.4 1.7 0.2 83.1 67.3
-9.3 0.0 0.0 0.0 2.2 1.6 0.2 395.5 86.8
-6.5 0.0 0.0 28.7 2.1 1.4 0.1 14.5 41.7
-5.6 0.0 0.0 0.0 2.0 1.3 0.1 75.1 31.5
-3.1 0.0 0.0 0.0 1.8 1.1 0.1 5.2 9.3
3.9 0.0 0.0 0.0 1.7 1.0 0.1 0.6 15.1
2.8 0.0 0.0 123.3 1.6 0.9 0.1 64.9 7.8
-0.5 -0.6 0.0 0.0 1.5 0.8 0.0 9.8 0.3
2.1 -0.6 0.0 0.0 1.4 0.8 0.0 0.0 4.3
4.8 0.0 0.0 26.0 1.4 0.7 0.0 8.3 22.7
2.5 -0.4 0.0 91.1 1.3 0.6 0.0 18.3 6.5
1.1 0.2 0.0 0.0 1.2 0.6 0.0 3.7 1.3
3.1 0.1 0.0 0.0 1.1 0.5 0.0 2.5 9.3
2.1 -0.4 0.0 0.0 1.1 0.5 0.0 103.3 4.5
3.7 -0.5 0.0 308.0 1.0 0.4 0.0 167.9 13.6
9.7 0.3 0.0 0.0 0.9 0.4 0.0 23.7 94.7
4.3 -0.1 0.0 0.0 0.9 0.3 0.0 55.3 18.6
5.5 0.1 0.0 0.0 0.8 0.3 0.0 57.2 30.1
2.2 -0.7 0.0 0.0 0.8 0.3 0.0 267.5 4.6
11.3 -0.4 0.0 0.0 0.7 0.2 0.0 374.2 128.5
21.1 -0.2 0.0 0.0 0.7 0.2 0.0 491.8 447.3
16.6 -0.4 0.0 385.3 0.7 0.2 0.0 200.6 273.9
4.7 -0.7 0.0 25.0 0.6 0.2 0.0 40.5 22.4
-4.0 -0.1 0.0 0.0 0.6 0.2 0.0 595.9 15.8
-10.4 0.4 0.0 0.0 0.5 0.1 0.0 723.1 109.1
-15.6 1.5 0.0 2894.4 0.5 0.1 0.0 535.0 244.6
-73.0 -4.4 0.0 0.0 0.5 0.1 0.0 5286.0 5331.3
8.5 5.8 0.0 0.0 0.5 0.1 0.0 3.6 72.8
-27.9 0.3 0.0 0.0 0.4 0.1 0.0 113.6 781.1
-18.6 0.0 0.0 104.9 0.4 0.1 0.0 3.8 345.6
-6.7 0.6 0.0 0.0 0.4 0.1 0.0 16.1 44.9
2.8 0.2 0.0 256.0 0.4 0.1 0.0 40.1 7.7
2.4 0.2 0.0 0.0 0.3 0.1 0.0 111.8 5.5
9.5 -0.3 0.0 0.0 0.3 0.1 0.0 227.7 89.4
8.9 -0.1 0.0 0.0 0.3 0.1 0.0 70.5 78.8
8.3 -0.3 0.0 0.0 0.3 0.0 0.0 3.3 69.0
5.4 -0.1 0.0 0.0 0.3 0.0 0.0 6.6 29.0
3.1 0.0 0.0 104.9 0.2 0.0 0.0 4.6 9.7
6.2 0.1 0.0 0.0 0.2 0.0 0.0 78.5 37.9
1.6 0.1 0.0 104.9 0.2 0.0 0.0 0.9 2.7
4.0 -0.1 0.0 9.7 0.2 0.0 0.0 0.0 16.0
0.5 0.0 0.0 0.0 0.2 0.0 0.0 0.4 0.2
4.3 0.3 0.0 41.0 0.2 0.0 0.0 38.2 18.5
8.0 0.3 0.0 321.1 0.2 0.0 0.0 178.5 63.7
5.8 0.6 0.0 0.0 0.2 0.0 0.0 12.4 33.4
6.9 0.7 0.0 0.0 0.2 0.0 0.0 6.1 47.4
4.2 0.7 0.0 41.0 0.1 0.0 0.0 16.5 17.9
-1.2 0.3 0.0 0.0 0.1 0.0 0.0 8.0 1.5
0.9 -0.1 0.0 0.0 0.1 0.0 0.0 10.2 0.9
2.8 -0.2 0.0 27.0 0.1 0.0 0.0 37.6 7.9
3.0 -0.4 0.0 31.8 0.1 0.0 0.0 28.6 8.9
8.3 0.1 0.0 54.2 0.1 0.0 0.0 65.7 69.2
8.5 -0.1 0.0 6.8 0.1 0.0 0.0 83.7 72.1
13.2 0.3 0.0 0.0 0.1 0.0 0.0 296.8 174.0
16.5 -0.2 0.0 49.6 0.1 0.0 0.0 608.0 271.5
11.4 -0.8 0.0 0.0 0.1 0.0 0.0 215.6 129.9
8.2 -0.3 0.0 31.8 0.1 0.0 0.0 45.1 67.7
6.7 0.2 0.0 28.3 0.1 0.0 0.0 115.9 45.0
-0.6 0.2 0.0 25.4 0.1 0.0 0.0 1.1 0.4
-4.9 0.4 0.0 0.0 0.1 0.0 0.0 0.3 24.2
1.1 0.4 0.0 9.7 0.1 0.0 0.0 0.6 1.2
6.1 0.6 0.0 9.7 0.1 0.0 0.0 116.3 36.6
-0.4 -0.2 0.0 0.0 0.1 0.0 0.0 33.9 0.1
-0.4 0.1 0.0 29.6 0.1 0.0 0.0 46.9 0.2
4.2 0.3 0.0 4.0 0.0 0.0 0.0 4.1 17.8
5.7 0.3 0.0 0.0 0.0 0.0 0.0 288.1 33.0
4.6 0.0 0.0 77.4 0.0 0.0 0.0 180.1 21.0
5.8 -0.2 0.0 0.0 0.0 0.0 0.0 1.7 34.1
0.1 0.2 0.0 14.7 0.0 0.0 0.0 217.2 0.0
-11.3 0.2 0.0 0.0 0.0 0.0 0.0 616.5 127.0
-8.5 0.4 0.0 9.7 0.0 0.0 0.0 13.9 72.7
3.2 0.4 0.0 0.0 0.0 0.0 0.0 876.3 10.3
7.5 0.1 0.0 0.6 0.0 0.0 0.0 446.7 55.7
12.0 -0.1 0.0 0.0 0.0 0.0 0.0 1.1 144.0
1.5 -0.4 0.0 0.0 0.0 0.0 0.0 188.0 2.4
-2.8 0.3 0.0 0.0 0.0 0.0 0.0 75.5 8.0
-5.7 -0.2 0.0 0.0 0.0 0.0 0.0 0.2 32.5
-0.5 -0.1 0.0 3.4 0.0 0.0 0.0 137.9 0.3
-0.9 0.0 0.0 0.0 0.0 0.0 0.0 15.7 0.8
-0.6 0.1 0.0 0.0 0.0 0.0 0.0 224.8 0.3
-3.0 0.3 0.0 0.0 0.0 0.0 0.0 24.5 9.1
-7.0 0.1 0.0 0.0 0.0 0.0 0.0 1.3 48.8
0.6 0.0 0.0 0.0 0.0 0.0 0.0 82.6 0.4
4.6 0.0 0.0 0.0 0.0 0.0 0.0 77.4 21.2
4.6 0.0 0.0 0.5 0.0 0.0 0.0 0.2 20.9
-1.7 -0.3 0.0 0.0 0.0 0.0 0.0 80.3 2.8
-7.2 -0.5 0.0 0.0 0.0 0.0 0.0 120.2 51.5
-1.7 0.1 0.0 0.0 0.0 0.0 0.0 3.6 2.9
0.5 0.4 0.0 0.0 0.0 0.0 0.0 18.6 0.3
1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.1
-1.5 -0.1 0.0 0.0 0.0 0.0 0.0 6.3 2.2
-0.1 0.0 0.0 0.0 0.0 0.0 0.0 1.2 0.0
2.0 0.0 0.0 0.0 0.0 0.0 0.0 27.9 4.0
-0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1
0.8 0.0 0.0 0.0 0.0 0.0 0.0 13.4 0.7
-1.1 0.0 0.0 0.0 0.0 0.0 0.0 6.6 1.2
-5.0 0.0 0.0 0.0 0.0 0.0 0.0 39.3 24.6
-9.7 0.0 0.0 442.2 0.0 0.0 0.0 281.7 93.7
-11.9 0.0 0.0 225.0 0.0 0.0 0.0 306.4 141.3
-23.8 0.0 0.0 2500.0 0.0 0.0 0.0 944.0 564.3
MA6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.9
0.2
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.4
0.0
0.2
0.0
0.0
0.1
0.3
0.1
0.0
0.0
0.5
0.2
0.0
0.2
0.5
0.0
0.1
2.1
19.7
33.9
0.1
0.0
0.3
0.1
0.0
0.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.4
0.4
0.6
0.1
0.0
0.0
0.2
0.0
0.0
0.1
0.0
0.7
0.1
0.1
0.0
0.2
0.2
0.4
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.1
0.2
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.1
0.2
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
FPT HIST PB3 PB5 PB10 MA2
2.a. Standard Dev. of Taxes 0.0 60.5 34.1 30.3 22.6 63.6
2.b. Squared tax changes (average) 0.0 78.5 2.0 3.3 6.0 161.5
2.c. Largest month decrease 0.0 53.8 3.9 6.4 12.2 72.7
2nd largest month decrease 0.0 50.0 3.8 6.1 11.0 30.7
3rd largest month decrease 0.0 21.0 3.7 5.8 9.9 26.9
2.d. Two largest decrease (average) 0.0 51.9 3.9 6.3 11.6 51.7
2.e. Three largest decrease (average) 0.0 41.6 3.8 6.1 11.0 43.4
4) Diesel Tax
MA4 MA6 Year Month FPT HIST PB3 PB5 PB10
2003 2003m12 0.0 135.7 135.7 135.7 135.7
63.5 2.2 2004 2004m1 0.0 135.7 131.6 128.9 122.1
95.9 0.5 2004 2004m2 0.0 131.7 127.7 122.5 109.9
73.0 4.4 2004 2004m3 0.0 131.7 123.8 116.3 98.9
27.9 0.8 2004 2004m4 0.0 131.7 120.1 110.5 89.0
23.8 0.7 2004 2004m5 0.0 150.7 116.5 105.0 80.1
50.5 2.6 2004 2004m6 0.0 150.7 113.0 99.8 72.1
41.6 2.0 2004 2004m7 0.0 150.7 109.6 94.8 64.9
2004 2004m8 0.0 150.7 106.4 90.0 58.4
2004 2004m9 0.0 150.7 103.2 85.5 52.6
2004 2004m10 0.0 150.7 100.1 81.2 47.3
2004 2004m11 0.0 150.7 97.1 77.2 42.6
2004 2004m12 0.0 150.7 94.2 73.3 38.3
2005 2005m1 0.0 150.7 91.3 69.7 34.5
2005 2005m2 0.0 170.2 88.6 66.2 31.0
2005 2005m3 0.0 170.2 85.9 62.9 27.9
2005 2005m4 0.0 170.2 83.4 59.7 25.1
2005 2005m5 0.0 170.2 80.9 56.7 22.6
2005 2005m6 0.0 185.0 78.4 53.9 20.4
2005 2005m7 0.0 185.0 76.1 51.2 18.3
2005 2005m8 0.0 185.0 73.8 48.6 16.5
2005 2005m9 0.0 201.3 71.6 46.2 14.8
2005 2005m10 0.0 201.3 69.4 43.9 13.4
2005 2005m11 0.0 201.3 67.3 41.7 12.0
2005 2005m12 0.0 216.6 65.3 39.6 10.8
2006 2006m1 0.0 216.6 63.4 37.6 9.7
2006 2006m2 0.0 225.2 61.5 35.8 8.8
2006 2006m3 0.0 225.2 59.6 34.0 7.9
2006 2006m4 0.0 225.2 57.8 32.3 7.1
2006 2006m5 0.0 242.2 56.1 30.7 6.4
2006 2006m6 0.0 241.5 54.4 29.1 5.8
2006 2006m7 0.0 241.5 52.8 27.7 5.2
2006 2006m8 0.0 241.5 51.2 26.3 4.7
2006 2006m9 0.0 241.5 49.7 25.0 4.2
2006 2006m10 0.0 241.5 48.2 23.7 3.8
2006 2006m11 0.0 236.2 46.7 22.5 3.4
2006 2006m12 0.0 236.2 45.3 21.4 3.1
2007 2007m1 0.0 236.2 44.0 20.3 2.8
2007 2007m2 0.0 236.2 42.6 19.3 2.5
2007 2007m3 0.0 247.3 41.4 18.4 2.2
2007 2007m4 0.0 247.3 40.1 17.4 2.0
2007 2007m5 0.0 247.3 38.9 16.6 1.8
2007 2007m6 0.0 252.4 37.8 15.7 1.6
2007 2007m7 0.0 242.8 36.6 15.0 1.5
2007 2007m8 0.0 242.8 35.5 14.2 1.3
2007 2007m9 0.0 242.8 34.5 13.5 1.2
2007 2007m10 0.0 242.8 33.4 12.8 1.1
2007 2007m11 0.0 260.4 32.4 12.2 1.0
2007 2007m12 0.0 260.4 31.5 11.6 0.9
2008 2008m1 0.0 260.4 30.5 11.0 0.8
2008 2008m2 0.0 260.4 29.6 10.4 0.7
2008 2008m3 0.0 260.4 28.7 9.9 0.6
2008 2008m4 0.0 260.4 27.8 9.4 0.6
2008 2008m5 0.0 260.4 27.0 9.0 0.5
2008 2008m6 0.0 280.0 26.2 8.5 0.5
2008 2008m7 0.0 285.0 25.4 8.1 0.4
2008 2008m8 0.0 285.0 24.6 7.7 0.4
2008 2008m9 0.0 285.0 23.9 7.3 0.3
2008 2008m10 0.0 231.2 23.2 6.9 0.3
2008 2008m11 0.0 231.2 22.5 6.6 0.3
2008 2008m12 0.0 231.2 21.8 6.3 0.2
2009 2009m1 0.0 231.2 21.2 5.9 0.2
2009 2009m2 0.0 221.0 20.5 5.6 0.2
2009 2009m3 0.0 221.0 19.9 5.4 0.2
2009 2009m4 0.0 205.0 19.3 5.1 0.2
2009 2009m5 0.0 205.0 18.7 4.8 0.1
2009 2009m6 0.0 205.0 18.2 4.6 0.1
2009 2009m7 0.0 205.0 17.6 4.4 0.1
2009 2009m8 0.0 205.0 17.1 4.1 0.1
2009 2009m9 0.0 205.0 16.6 3.9 0.1
2009 2009m10 0.0 215.2 16.1 3.7 0.1
2009 2009m11 0.0 215.2 15.6 3.6 0.1
2009 2009m12 0.0 225.4 15.1 3.4 0.1
2010 2010m1 0.0 228.6 14.7 3.2 0.1
2010 2010m2 0.0 228.6 14.2 3.0 0.1
2010 2010m3 0.0 235.0 13.8 2.9 0.1
2010 2010m4 0.0 252.9 13.4 2.8 0.0
2010 2010m5 0.0 252.9 13.0 2.6 0.0
2010 2010m6 0.0 252.9 12.6 2.5 0.0
2010 2010m7 0.0 259.3 12.2 2.4 0.0
2010 2010m8 0.0 259.3 11.9 2.2 0.0
2010 2010m9 0.0 259.3 11.5 2.1 0.0
2010 2010m10 0.0 264.5 11.2 2.0 0.0
2010 2010m11 0.0 270.1 10.8 1.9 0.0
2010 2010m12 0.0 277.5 10.5 1.8 0.0
2011 2011m1 0.0 280.1 10.2 1.7 0.0
2011 2011m2 0.0 280.1 9.9 1.6 0.0
2011 2011m3 0.0 287.1 9.6 1.6 0.0
2011 2011m4 0.0 287.1 9.3 1.5 0.0
2011 2011m5 0.0 292.8 9.0 1.4 0.0
2011 2011m6 0.0 298.1 8.8 1.3 0.0
2011 2011m7 0.0 303.1 8.5 1.3 0.0
2011 2011m8 0.0 303.1 8.2 1.2 0.0
2011 2011m9 0.0 306.2 8.0 1.2 0.0
2011 2011m10 0.0 309.4 7.7 1.1 0.0
2011 2011m11 0.0 309.4 7.5 1.0 0.0
2011 2011m12 0.0 314.8 7.3 1.0 0.0
2012 2012m1 0.0 316.8 7.1 0.9 0.0
2012 2012m2 0.0 316.8 6.9 0.9 0.0
2012 2012m3 0.0 325.6 6.7 0.8 0.0
2012 2012m4 0.0 325.6 6.5 0.8 0.0
2012 2012m5 0.0 329.4 6.3 0.8 0.0
2012 2012m6 0.0 329.4 6.1 0.7 0.0
2012 2012m7 0.0 332.6 5.9 0.7 0.0
2012 2012m8 0.0 332.6 5.7 0.7 0.0
2012 2012m9 0.0 333.3 5.5 0.6 0.0
2012 2012m10 0.0 333.3 5.4 0.6 0.0
2012 2012m11 0.0 333.3 5.2 0.6 0.0
2012 2012m12 0.0 333.3 5.1 0.5 0.0
2013 2013m1 0.0 333.3 4.9 0.5 0.0
2013 2013m2 0.0 335.2 4.8 0.5 0.0
2013 2013m3 0.0 335.2 4.6 0.5 0.0
2013 2013m4 0.0 335.2 4.5 0.4 0.0
2013 2013m5 0.0 335.2 4.3 0.4 0.0
2013 2013m6 0.0 335.2 4.2 0.4 0.0
2013 2013m7 0.0 335.2 4.1 0.4 0.0
2013 2013m8 0.0 335.2 4.0 0.4 0.0
2013 2013m9 0.0 335.9 3.8 0.3 0.0
2013 2013m10 0.0 335.9 3.7 0.3 0.0
2013 2013m11 0.0 335.9 3.6 0.3 0.0
2013 2013m12 0.0 335.9 3.5 0.3 0.0
2014 2014m1 0.0 335.9 3.4 0.3 0.0
2014 2014m2 0.0 335.9 3.3 0.3 0.0
2014 2014m3 0.0 335.9 3.2 0.2 0.0
2014 2014m4 0.0 335.9 3.1 0.2 0.0
2014 2014m5 0.0 335.9 3.0 0.2 0.0
2014 2014m6 0.0 335.9 2.9 0.2 0.0
2014 2014m7 0.0 336.0 2.8 0.2 0.0
2014 2014m8 0.0 336.0 2.8 0.2 0.0
2014 2014m9 0.0 336.0 2.7 0.2 0.0
2014 2014m10 0.0 315.0 2.6 0.2 0.0
2014 2014m11 0.0 300.0 2.5 0.2 0.0
2014 2014m12 0.0 250.0 2.4 0.2 0.0
Monthly change
MA2 MA4 MA6 FPT HIST PB3 PB5 PB10 MA2
159.8 156.2 83.7
162.5 159.8 83.8 0.0 0.0 -4.1 -6.8 -13.6 2.6
169.8 165.1 83.8 0.0 -4.0 -3.9 -6.4 -12.2 7.3
174.8 168.7 83.8 0.0 0.0 -3.8 -6.1 -11.0 5.1
187.0 178.6 83.9 0.0 0.0 -3.7 -5.8 -9.9 12.2
198.3 186.5 83.8 0.0 19.0 -3.6 -5.5 -8.9 11.3
187.2 186.7 83.7 0.0 0.0 -3.5 -5.3 -8.0 -11.0
183.3 190.3 83.6 0.0 0.0 -3.4 -5.0 -7.2 -4.0
189.8 188.0 83.5 0.0 0.0 -3.3 -4.7 -6.5 6.5
194.5 188.4 83.4 0.0 0.0 -3.2 -4.5 -5.8 4.8
204.4 196.6 83.3 0.0 0.0 -3.1 -4.3 -5.3 9.9
204.5 199.0 83.2 0.0 0.0 -3.0 -4.1 -4.7 0.1
189.6 196.5 83.1 0.0 0.0 -2.9 -3.9 -4.3 -14.9
183.0 193.6 83.1 0.0 0.0 -2.8 -3.7 -3.8 -6.6
193.3 191.9 83.3 0.0 19.5 -2.7 -3.5 -3.4 10.3
214.4 201.1 84.2 0.0 0.0 -2.7 -3.3 -3.1 21.1
223.5 209.6 83.7 0.0 0.0 -2.6 -3.1 -2.8 9.1
219.2 215.8 83.8 0.0 0.0 -2.5 -3.0 -2.5 -4.3
216.7 220.4 83.8 0.0 14.8 -2.4 -2.8 -2.3 -2.5
225.2 222.3 83.8 0.0 0.0 -2.4 -2.7 -2.0 8.5
241.2 228.9 83.8 0.0 0.0 -2.3 -2.6 -1.8 15.9
258.9 242.3 83.9 0.0 16.3 -2.2 -2.4 -1.6 17.7
263.0 253.2 84.2 0.0 0.0 -2.1 -2.3 -1.5 4.1
243.3 252.0 84.2 0.0 0.0 -2.1 -2.2 -1.3 -19.7
226.0 244.5 84.2 0.0 15.3 -2.0 -2.1 -1.2 -17.3
234.0 238.7 84.2 0.0 0.0 -2.0 -2.0 -1.1 8.1
240.1 233.0 84.2 0.0 8.6 -1.9 -1.9 -1.0 6.1
241.8 237.9 84.2 0.0 0.0 -1.8 -1.8 -0.9 1.7
257.1 248.6 84.2 0.0 0.0 -1.8 -1.7 -0.8 15.3
273.2 257.5 84.2 0.0 17.1 -1.7 -1.6 -0.7 16.1
272.9 265.0 84.2 0.0 -0.7 -1.7 -1.5 -0.6 -0.4
265.6 269.4 84.2 0.0 0.0 -1.6 -1.5 -0.6 -7.3
266.8 269.9 84.2 0.0 0.0 -1.6 -1.4 -0.5 1.3
257.7 261.7 84.2 0.0 0.0 -1.5 -1.3 -0.5 -9.1
237.8 252.3 84.2 0.0 0.0 -1.5 -1.2 -0.4 -19.9
234.0 245.9 84.2 0.0 -5.4 -1.4 -1.2 -0.4 -3.8
242.7 240.3 84.2 0.0 0.0 -1.4 -1.1 -0.3 8.7
240.4 237.2 84.2 0.0 0.0 -1.4 -1.1 -0.3 -2.3
239.6 241.1 84.2 0.0 0.0 -1.3 -1.0 -0.3 -0.8
247.7 243.9 84.1 0.0 11.1 -1.3 -1.0 -0.2 8.1
250.8 243.4 83.6 0.0 0.0 -1.2 -0.9 -0.2 3.1
250.6 245.4 83.0 0.0 0.0 -1.2 -0.9 -0.2 -0.2
253.5 250.2 83.0 0.0 5.1 -1.2 -0.8 -0.2 2.9
257.8 252.7 82.5 0.0 -9.5 -1.1 -0.8 -0.2 4.3
255.8 253.9 82.7 0.0 0.0 -1.1 -0.7 -0.1 -1.9
254.3 256.9 82.8 0.0 0.0 -1.1 -0.7 -0.1 -1.6
264.4 259.0 82.4 0.0 0.0 -1.0 -0.7 -0.1 10.2
277.4 262.7 81.9 0.0 17.6 -1.0 -0.6 -0.1 13.0
282.2 272.5 82.2 0.0 0.0 -1.0 -0.6 -0.1 4.9
274.8 276.8 82.1 0.0 0.0 -0.9 -0.6 -0.1 -7.4
282.4 282.3 82.2 0.0 0.0 -0.9 -0.5 -0.1 7.6
298.7 284.4 81.5 0.0 0.0 -0.9 -0.5 -0.1 16.4
318.1 295.7 81.1 0.0 0.0 -0.9 -0.5 -0.1 19.3
340.2 316.9 80.9 0.0 0.0 -0.8 -0.5 -0.1 22.2
354.4 333.4 80.5 0.0 19.6 -0.8 -0.4 -0.1 14.2
348.0 338.2 79.7 0.0 5.0 -0.8 -0.4 0.0 -6.4
323.6 334.2 79.6 0.0 0.0 -0.8 -0.4 0.0 -24.4
296.7 323.8 80.0 0.0 0.0 -0.7 -0.4 0.0 -26.9
273.6 308.1 81.5 0.0 -53.8 -0.7 -0.4 0.0 -23.1
200.9 235.1 77.0 0.0 0.0 -0.7 -0.3 0.0 -72.7
202.8 243.6 82.8 0.0 0.0 -0.7 -0.3 0.0 1.9
192.1 215.7 83.1 0.0 0.0 -0.7 -0.3 0.0 -10.7
190.2 197.1 83.1 0.0 -10.2 -0.6 -0.3 0.0 -2.0
186.2 190.4 83.6 0.0 0.0 -0.6 -0.3 0.0 -4.0
192.5 193.2 83.9 0.0 -16.0 -0.6 -0.3 0.0 6.3
203.1 195.5 84.1 0.0 0.0 -0.6 -0.3 0.0 10.6
218.2 205.0 83.7 0.0 0.0 -0.6 -0.2 0.0 15.1
226.6 213.9 83.7 0.0 0.0 -0.5 -0.2 0.0 8.4
228.4 222.2 83.3 0.0 0.0 -0.5 -0.2 0.0 1.8
230.9 227.6 83.3 0.0 0.0 -0.5 -0.2 0.0 2.6
233.1 230.7 83.3 0.0 10.2 -0.5 -0.2 0.0 2.1
241.9 236.8 83.4 0.0 0.0 -0.5 -0.2 0.0 8.9
242.9 238.5 83.5 0.0 10.2 -0.5 -0.2 0.0 0.9
242.8 242.5 83.4 0.0 3.1 -0.5 -0.2 0.0 -0.1
243.5 243.0 83.4 0.0 0.0 -0.4 -0.2 0.0 0.7
249.7 247.2 83.7 0.0 6.4 -0.4 -0.2 0.0 6.2
263.0 255.2 84.0 0.0 17.9 -0.4 -0.1 0.0 13.4
266.5 261.0 84.6 0.0 0.0 -0.4 -0.1 0.0 3.5
264.1 267.9 85.3 0.0 0.0 -0.4 -0.1 0.0 -2.5
268.1 272.1 86.0 0.0 6.4 -0.4 -0.1 0.0 4.1
271.0 270.9 86.3 0.0 0.0 -0.4 -0.1 0.0 2.8
274.1 271.9 86.2 0.0 0.0 -0.4 -0.1 0.0 3.2
280.3 274.7 86.0 0.0 5.2 -0.3 -0.1 0.0 6.1
285.6 277.7 85.6 0.0 5.6 -0.3 -0.1 0.0 5.4
293.7 286.0 85.7 0.0 7.4 -0.3 -0.1 0.0 8.1
302.9 294.5 85.7 0.0 2.6 -0.3 -0.1 0.0 9.1
320.1 307.7 86.0 0.0 0.0 -0.3 -0.1 0.0 17.2
344.8 324.2 85.8 0.0 7.0 -0.3 -0.1 0.0 24.7
359.4 335.6 84.9 0.0 0.0 -0.3 -0.1 0.0 14.7
352.7 343.8 84.7 0.0 5.6 -0.3 -0.1 0.0 -6.7
342.0 350.5 84.9 0.0 5.3 -0.3 -0.1 0.0 -10.8
343.0 349.9 85.1 0.0 5.0 -0.3 -0.1 0.0 1.0
342.4 345.0 85.5 0.0 0.0 -0.3 -0.1 0.0 -0.6
341.6 346.1 85.9 0.0 3.1 -0.2 -0.1 0.0 -0.8
352.4 352.1 86.5 0.0 3.1 -0.2 -0.1 0.0 10.8
358.2 351.7 86.3 0.0 0.0 -0.2 -0.1 0.0 5.8
351.4 351.3 86.4 0.0 5.4 -0.2 -0.1 0.0 -6.8
349.3 355.5 86.7 0.0 2.0 -0.2 0.0 0.0 -2.0
366.3 361.3 86.9 0.0 0.0 -0.2 0.0 0.0 17.0
379.7 365.9 87.0 0.0 8.8 -0.2 0.0 0.0 13.4
378.4 371.7 86.8 0.0 0.0 -0.2 0.0 0.0 -1.3
363.7 371.8 87.0 0.0 3.8 -0.2 0.0 0.0 -14.7
338.9 360.5 87.2 0.0 0.0 -0.2 0.0 0.0 -24.8
335.1 352.0 87.6 0.0 3.1 -0.2 0.0 0.0 -3.7
364.7 355.2 88.0 0.0 0.0 -0.2 0.0 0.0 29.6
385.9 362.7 88.1 0.0 0.8 -0.2 0.0 0.0 21.1
384.8 374.7 88.0 0.0 0.0 -0.2 0.0 0.0 -1.0
371.1 376.2 87.6 0.0 0.0 -0.2 0.0 0.0 -13.7
362.4 373.4 87.9 0.0 0.0 -0.2 0.0 0.0 -8.7
362.9 367.7 87.8 0.0 0.0 -0.2 0.0 0.0 0.5
374.6 367.2 87.6 0.0 1.8 -0.1 0.0 0.0 11.7
370.7 366.3 87.7 0.0 0.0 -0.1 0.0 0.0 -4.0
355.7 365.7 87.7 0.0 0.0 -0.1 0.0 0.0 -15.0
350.7 362.7 88.1 0.0 0.0 -0.1 0.0 0.0 -4.9
351.9 355.7 88.2 0.0 0.0 -0.1 0.0 0.0 1.1
361.0 356.3 88.2 0.0 0.0 -0.1 0.0 0.0 9.1
369.8 360.9 88.2 0.0 0.0 -0.1 0.0 0.0 8.8
370.3 365.5 88.2 0.0 0.7 -0.1 0.0 0.0 0.5
361.3 363.8 87.8 0.0 0.0 -0.1 0.0 0.0 -9.0
350.3 356.7 87.4 0.0 0.0 -0.1 0.0 0.0 -11.0
352.2 355.0 87.4 0.0 0.0 -0.1 0.0 0.0 1.9
356.5 355.5 87.8 0.0 0.0 -0.1 0.0 0.0 4.3
357.3 356.5 87.8 0.0 0.0 -0.1 0.0 0.0 0.8
354.8 355.0 87.7 0.0 0.0 -0.1 0.0 0.0 -2.5
353.7 354.9 87.7 0.0 0.0 -0.1 0.0 0.0 -1.1
359.0 356.9 87.7 0.0 0.0 -0.1 0.0 0.0 5.3
359.4 356.6 87.7 0.0 0.0 -0.1 0.0 0.0 0.4
355.7 357.4 87.7 0.0 0.2 -0.1 0.0 0.0 -3.7
353.2 356.3 87.7 0.0 0.0 -0.1 0.0 0.0 -2.6
346.9 351.3 87.7 0.0 0.0 -0.1 0.0 0.0 -6.3
330.1 341.6 87.7 0.0 -21.0 -0.1 0.0 0.0 -16.8
312.6 329.7 87.7 0.0 -15.0 -0.1 0.0 0.0 -17.5
281.9 306.0 87.7 0.0 -50.0 -0.1 0.0 0.0 -30.7
Squared Monthly change
MA4 MA6 FPT HIST PB3 PB5 PB10 MA2 MA4
3.6 0.1 0.0 0.0 16.6 46.0 184.1 6.8 13.0

5.3 0.0 0.0 16.0 15.6 41.5 149.2 53.5 27.6
3.6 0.0 0.0 0.0 14.7 37.5 120.8 25.6 12.8
9.9 0.1 0.0 0.0 13.8 33.8 97.9 148.4 97.9
8.0 -0.1 0.0 361.0 13.0 30.5 79.3 126.7 63.5
0.1 -0.1 0.0 0.0 12.2 27.6 64.2 121.5 0.0
3.6 -0.1 0.0 0.0 11.5 24.9 52.0 15.7 13.0
-2.2 -0.1 0.0 0.0 10.8 22.5 42.1 41.9 5.0
0.4 -0.1 0.0 0.0 10.2 20.3 34.1 22.7 0.2
8.2 -0.1 0.0 0.0 9.6 18.3 27.6 97.6 66.4
2.4 -0.1 0.0 0.0 9.0 16.5 22.4 0.0 5.9
-2.6 -0.1 0.0 0.0 8.5 14.9 18.1 223.0 6.6
-2.9 0.0 0.0 0.0 8.0 13.4 14.7 43.2 8.3
-1.7 0.1 0.0 381.8 7.5 12.1 11.9 106.2 2.9
9.2 0.9 0.0 0.0 7.1 10.9 9.6 444.9 85.4
8.5 -0.5 0.0 0.0 6.6 9.9 7.8 82.6 71.4
6.2 0.1 0.0 0.0 6.3 8.9 6.3 18.5 38.6
4.6 0.0 0.0 217.9 5.9 8.0 5.1 6.2 21.5
1.9 0.0 0.0 0.0 5.5 7.3 4.1 72.0 3.7
6.6 0.0 0.0 0.0 5.2 6.6 3.4 253.9 43.6
13.4 0.1 0.0 266.7 4.9 5.9 2.7 314.8 179.6
10.8 0.3 0.0 0.0 4.6 5.3 2.2 16.8 117.1
-1.2 0.0 0.0 0.0 4.3 4.8 1.8 387.5 1.5
-7.5 0.0 0.0 234.1 4.1 4.3 1.4 300.6 55.9
-5.8 0.0 0.0 0.0 3.8 3.9 1.2 65.0 33.8
-5.6 0.0 0.0 73.1 3.6 3.5 0.9 36.9 31.7
4.9 0.0 0.0 0.0 3.4 3.2 0.8 3.0 24.0
10.7 0.0 0.0 0.0 3.2 2.9 0.6 233.2 113.9
8.9 0.0 0.0 291.0 3.0 2.6 0.5 259.9 79.8
7.5 0.0 0.0 0.5 2.8 2.4 0.4 0.1 55.5
4.4 0.0 0.0 0.0 2.7 2.1 0.3 53.2 19.5
0.4 0.0 0.0 0.0 2.5 1.9 0.3 1.6 0.2
-8.2 0.0 0.0 0.0 2.4 1.7 0.2 83.1 67.3
-9.3 0.0 0.0 0.0 2.2 1.6 0.2 395.5 86.8
-6.5 0.0 0.0 28.7 2.1 1.4 0.1 14.5 41.7
-5.6 0.0 0.0 0.0 2.0 1.3 0.1 75.1 31.5
-3.1 0.0 0.0 0.0 1.8 1.1 0.1 5.2 9.3
3.9 0.0 0.0 0.0 1.7 1.0 0.1 0.6 15.1
2.8 0.0 0.0 123.3 1.6 0.9 0.1 64.9 7.8
-0.5 -0.6 0.0 0.0 1.5 0.8 0.0 9.8 0.3
2.1 -0.6 0.0 0.0 1.4 0.8 0.0 0.0 4.3
4.8 0.0 0.0 26.0 1.4 0.7 0.0 8.3 22.7
2.5 -0.4 0.0 91.1 1.3 0.6 0.0 18.3 6.5
1.1 0.2 0.0 0.0 1.2 0.6 0.0 3.7 1.3
3.1 0.1 0.0 0.0 1.1 0.5 0.0 2.5 9.3
2.1 -0.4 0.0 0.0 1.1 0.5 0.0 103.3 4.5
3.7 -0.5 0.0 308.0 1.0 0.4 0.0 167.9 13.6
9.7 0.3 0.0 0.0 0.9 0.4 0.0 23.7 94.7
4.3 -0.1 0.0 0.0 0.9 0.3 0.0 55.3 18.6
5.5 0.1 0.0 0.0 0.8 0.3 0.0 57.2 30.1
2.2 -0.7 0.0 0.0 0.8 0.3 0.0 267.5 4.6
11.3 -0.4 0.0 0.0 0.7 0.2 0.0 374.2 128.5
21.1 -0.2 0.0 0.0 0.7 0.2 0.0 491.8 447.3
16.6 -0.4 0.0 385.3 0.7 0.2 0.0 200.6 273.9
4.7 -0.7 0.0 25.0 0.6 0.2 0.0 40.5 22.4
-4.0 -0.1 0.0 0.0 0.6 0.2 0.0 595.9 15.8
-10.4 0.4 0.0 0.0 0.5 0.1 0.0 723.1 109.1
-15.6 1.5 0.0 2894.4 0.5 0.1 0.0 535.0 244.6
-73.0 -4.4 0.0 0.0 0.5 0.1 0.0 5286.0 5331.3
8.5 5.8 0.0 0.0 0.5 0.1 0.0 3.6 72.8
-27.9 0.3 0.0 0.0 0.4 0.1 0.0 113.6 781.1
-18.6 0.0 0.0 104.9 0.4 0.1 0.0 3.8 345.6
-6.7 0.6 0.0 0.0 0.4 0.1 0.0 16.1 44.9
2.8 0.2 0.0 256.0 0.4 0.1 0.0 40.1 7.7
2.4 0.2 0.0 0.0 0.3 0.1 0.0 111.8 5.5
9.5 -0.3 0.0 0.0 0.3 0.1 0.0 227.7 89.4
8.9 -0.1 0.0 0.0 0.3 0.1 0.0 70.5 78.8
8.3 -0.3 0.0 0.0 0.3 0.0 0.0 3.3 69.0
5.4 -0.1 0.0 0.0 0.3 0.0 0.0 6.6 29.0
3.1 0.0 0.0 104.9 0.2 0.0 0.0 4.6 9.7
6.2 0.1 0.0 0.0 0.2 0.0 0.0 78.5 37.9
1.6 0.1 0.0 104.9 0.2 0.0 0.0 0.9 2.7
4.0 -0.1 0.0 9.7 0.2 0.0 0.0 0.0 16.0
0.5 0.0 0.0 0.0 0.2 0.0 0.0 0.4 0.2
4.3 0.3 0.0 41.0 0.2 0.0 0.0 38.2 18.5
8.0 0.3 0.0 321.1 0.2 0.0 0.0 178.5 63.7
5.8 0.6 0.0 0.0 0.2 0.0 0.0 12.4 33.4
6.9 0.7 0.0 0.0 0.2 0.0 0.0 6.1 47.4
4.2 0.7 0.0 41.0 0.1 0.0 0.0 16.5 17.9
-1.2 0.3 0.0 0.0 0.1 0.0 0.0 8.0 1.5
0.9 -0.1 0.0 0.0 0.1 0.0 0.0 10.2 0.9
2.8 -0.2 0.0 27.0 0.1 0.0 0.0 37.6 7.9
3.0 -0.4 0.0 31.8 0.1 0.0 0.0 28.6 8.9
8.3 0.1 0.0 54.2 0.1 0.0 0.0 65.7 69.2
8.5 -0.1 0.0 6.8 0.1 0.0 0.0 83.7 72.1
13.2 0.3 0.0 0.0 0.1 0.0 0.0 296.8 174.0
16.5 -0.2 0.0 49.6 0.1 0.0 0.0 608.0 271.5
11.4 -0.8 0.0 0.0 0.1 0.0 0.0 215.6 129.9
8.2 -0.3 0.0 31.8 0.1 0.0 0.0 45.1 67.7
6.7 0.2 0.0 28.3 0.1 0.0 0.0 115.9 45.0
-0.6 0.2 0.0 25.4 0.1 0.0 0.0 1.1 0.4
-4.9 0.4 0.0 0.0 0.1 0.0 0.0 0.3 24.2
1.1 0.4 0.0 9.7 0.1 0.0 0.0 0.6 1.2
6.1 0.6 0.0 9.7 0.1 0.0 0.0 116.3 36.6
-0.4 -0.2 0.0 0.0 0.1 0.0 0.0 33.9 0.1
-0.4 0.1 0.0 29.6 0.1 0.0 0.0 46.9 0.2
4.2 0.3 0.0 4.0 0.0 0.0 0.0 4.1 17.8
5.7 0.3 0.0 0.0 0.0 0.0 0.0 288.1 33.0
4.6 0.0 0.0 77.4 0.0 0.0 0.0 180.1 21.0
5.8 -0.2 0.0 0.0 0.0 0.0 0.0 1.7 34.1
0.1 0.2 0.0 14.7 0.0 0.0 0.0 217.2 0.0
-11.3 0.2 0.0 0.0 0.0 0.0 0.0 616.5 127.0
-8.5 0.4 0.0 9.7 0.0 0.0 0.0 13.9 72.7
3.2 0.4 0.0 0.0 0.0 0.0 0.0 876.3 10.3
7.5 0.1 0.0 0.6 0.0 0.0 0.0 446.7 55.7
12.0 -0.1 0.0 0.0 0.0 0.0 0.0 1.1 144.0
1.5 -0.4 0.0 0.0 0.0 0.0 0.0 188.0 2.4
-2.8 0.3 0.0 0.0 0.0 0.0 0.0 75.5 8.0
-5.7 -0.2 0.0 0.0 0.0 0.0 0.0 0.2 32.5
-0.5 -0.1 0.0 3.4 0.0 0.0 0.0 137.9 0.3
-0.9 0.0 0.0 0.0 0.0 0.0 0.0 15.7 0.8
-0.6 0.1 0.0 0.0 0.0 0.0 0.0 224.8 0.3
-3.0 0.3 0.0 0.0 0.0 0.0 0.0 24.5 9.1
-7.0 0.1 0.0 0.0 0.0 0.0 0.0 1.3 48.8
0.6 0.0 0.0 0.0 0.0 0.0 0.0 82.6 0.4
4.6 0.0 0.0 0.0 0.0 0.0 0.0 77.4 21.2
4.6 0.0 0.0 0.5 0.0 0.0 0.0 0.2 20.9
-1.7 -0.3 0.0 0.0 0.0 0.0 0.0 80.3 2.8
-7.2 -0.5 0.0 0.0 0.0 0.0 0.0 120.2 51.5
-1.7 0.1 0.0 0.0 0.0 0.0 0.0 3.6 2.9
0.5 0.4 0.0 0.0 0.0 0.0 0.0 18.6 0.3
1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.7 1.1
-1.5 -0.1 0.0 0.0 0.0 0.0 0.0 6.3 2.2
-0.1 0.0 0.0 0.0 0.0 0.0 0.0 1.2 0.0
2.0 0.0 0.0 0.0 0.0 0.0 0.0 27.9 4.0
-0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1
0.8 0.0 0.0 0.0 0.0 0.0 0.0 13.4 0.7
-1.1 0.0 0.0 0.0 0.0 0.0 0.0 6.6 1.2
-5.0 0.0 0.0 0.0 0.0 0.0 0.0 39.3 24.6
-9.7 0.0 0.0 442.2 0.0 0.0 0.0 281.7 93.7
-11.9 0.0 0.0 225.0 0.0 0.0 0.0 306.4 141.3
-23.8 0.0 0.0 2500.0 0.0 0.0 0.0 944.0 564.3
MA6
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.9
0.2
0.0
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.4
0.0
0.2
0.0
0.0
0.1
0.3
0.1
0.0
0.0
0.5
0.2
0.0
0.2
0.5
0.0
0.1
2.1
19.7
33.9
0.1
0.0
0.3
0.1
0.0
0.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.1
0.1
0.4
0.4
0.6
0.1
0.0
0.0
0.2
0.0
0.0
0.1
0.0
0.7
0.1
0.1
0.0
0.2
0.2
0.4
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.1
0.2
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
0.0
0.1
0.2
0.0
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Annual diesel taxes (in billions of LC
tax per lite * daily diesel consumptio
4.3. Average diesel tax per liter 4.4. Annual Diesel Taxes (L
Historical PB3 PB5 PB10 MA2 MA4 MA6

FPT FPT Historical PB3
price price
2004 0.0 144.7 ### 98.8 73.0 187.1 183.7 83.6 0.0 528.2 408.6
2005 0.0 183.9 77.7 53.4 20.6 225.7 223.0 83.9 0.0 700.9 296.0
2006 0.0 234.5 53.9 28.8 5.8 252.0 251.7 84.2 0.0 968.8 222.6
2007 0.0 246.5 37.4 15.6 1.6 256.2 251.6 83.1 0.0 1077.5 163.4
2008 0.0 260.9 25.9 8.4 0.5 292.9 297.7 80.7 0.0 1206.2 120.0
2009 0.0 213.2 18.0 4.5 0.1 215.5 213.9 83.5 0.0 1016.5 85.8
2010 0.0 253.4 12.5 2.5 0.0 266.9 264.2 85.0 0.0 1305.8 64.4
2011 0.0 297.6 8.7 1.3 0.0 342.6 337.7 85.6 0.0 1651.7 48.1
2012 0.0 328.5 6.0 0.7 0.0 365.0 365.1 87.4 0.0 1952.7 35.7
2013 0.0 335.3 4.2 0.4 0.0 361.0 362.0 87.9 0.0 2094.4 26.1
2014 0.0 324.0 2.9 0.2 0.0 343.4 348.1 87.7 0.0 2137.6 19.1
el taxes (in billions of LCU) = Average diesel
* daily diesel consumption*365/1000
4.4. Annual Diesel Taxes (LCU billion) 4.5. Diesel tax revenue (percent o
Diesel consumption Historic

PB5 PB10 MA2 MA4 MA6 FPT PB3
(Million Liter per day) al price
360.5 266.6 683.0 670.4 305.1 10.0 2004 0.0% 2.5% 1.9%
203.4 78.6 859.9 849.6 319.5 10.4 2005 0.0% 3.2% 1.4%
119.1 24.1 1040.9 1039.6 347.8 11.3 2006 0.0% 4.3% 1.0%
68.1 7.2 1119.7 1099.5 363.0 12.0 2007 0.0% 4.7% 0.7%
38.9 2.1 1354.1 1376.5 373.3 12.7 2008 0.0% 5.2% 0.5%
21.7 0.6 1027.3 1019.5 398.0 13.1 2009 0.0% 4.2% 0.4%
12.7 0.2 1375.2 1361.4 438.2 14.1 2010 0.0% 5.3% 0.3%
7.4 0.1 1901.3 1874.2 475.2 15.2 2011 0.0% 6.3% 0.2%
4.3 0.0 2169.8 2170.0 519.5 16.3 2012 0.0% 7.3% 0.1%
2.4 0.0 2254.9 2261.3 548.9 17.1 2013 0.0% 7.6% 0.1%
1.4 0.0 2265.6 2296.7 578.6 18.1 2014 0.0% 7.8% 0.1%
Historic
FPT PB3
al price
Average
(2004-14) 0.0% 5.3% 0.6%
iesel tax revenue (percent of GDP)
PB5 PB10 MA2 MA4 MA6 GDP (LCU billion)
1.7% 1.3% 3.2% 3.2% 1.4% 21050.0

0.9% 0.4% 4.0% 3.9% 1.5% 21663.7
0.5% 0.1% 4.7% 4.6% 1.6% 22381.6
0.3% 0.0% 4.9% 4.8% 1.6% 22785.5
0.2% 0.0% 5.8% 5.9% 1.6% 23174.5
0.1% 0.0% 4.3% 4.2% 1.6% 24128.8
0.1% 0.0% 5.6% 5.5% 1.8% 24612.6
0.0% 0.0% 7.3% 7.2% 1.8% 26027.1
0.0% 0.0% 8.1% 8.1% 1.9% 26655.4
0.0% 0.0% 8.2% 8.3% 2.0% 27378.8
0.0% 0.0% 8.3% 8.4% 2.1% 27294.8
PB5 PB10 MA2 MA4 MA6
0.3% 0.2% 5.9% 5.8% 1.7%

RANKING OF PRICE SMOOTHING MECHANISM
I - Price Volatility under different pricing regimes

FPT HIST PB3 PB5
Std. deviation of monthly prices 0.0 60.5 34.1 30.3
Rank 1 6 5 4
Avg. monthly price change (sq) 0.0 77.9 2.1 3.6
Rank 1 6 3 4
Largest single monthly price increase 0.0 19.6 0.1 0.0
Rank 1 6 4 3
Avg. of two largest monthly price increases 0.0 19.6 0.1 0.0
Rank 1 7 4 3
Avg. of 3 largest monthly price increases 0.0 19.4 0.1 0.0
Rank 1 7 4 3
Sum of price volatility rankings 5 32 20 17
Rank order 1 6 5 3
II - Tax Volatility under different pricing regimes

FPT HIST PB3 PB5
Std. deviation of monthly tax 0.0 60.5 34.1 30.3
Rank 1 6 5 4
Avg. monthly tax change (sq) 0.0 78.5 2.0 3.3
Rank 1 6 3 4
Largest single monthly tax decrease 0.0 53.8 3.9 6.4
Rank 1 6 2 4
Avg. of two largest monthly tax decreases 0.0 51.9 3.9 6.3
Rank 1 8 3 4
Avg. of 3 largest monthly tax decreases 0.0 41.6 3.8 6.1
Rank 1 7 3 4
Sum of price volatility rankings 5 33 16 20
Rank order 1 6 3 4
Sum of all rankings 10 65 36 37

Overall ranking 1 6 3 4
ECHANISM
PB10 MA2 MA4 MA6

22.6 63.6 63.5 2.2
3 8 7 2
7.3 160.3 95.3 0.5
5 8 7 2
0.0 29.6 21.1 5.8
2 8 7 5
0.0 27.1 18.8 3.6
2 8 6 5
0.0 25.5 18.1 2.7
2 8 6 5
14 40 33 19
2 8 7 4
PB10 MA2 MA4 MA6

22.6 63.6 63.5 2.2
3 8 7 2
6.0 161.5 95.9 0.5
5 8 7 2
12.2 72.7 73.0 4.4
5 7 8 3
11.6 51.7 50.5 2.6
5 7 6 2
11.0 43.4 41.6 2.0
5 8 6 2
23 38 34 11
5 8 7 2
37 78 67 30
4 8 7 2
Back to Contents
Sourcekey EER_EPMRU_PF4_RGC_DPG
U.S. Gulf Coast Conventional Los Angeles Reformulated New York Harbor No. 2
Gasoline Regular Spot Price RBOB Regular Gasoline Spot Heating Oil Spot Price FOB
Date FOB (Dollars per Liter) Price (Dollars per Liter) (Dollars per Liter)
Jun-1986 0.108 0.10
Jul-1986 0.088 0.09
Aug-1986 0.110 0.11
Sep-1986 0.105 0.11
Oct-1986 0.106 0.10
Nov-1986 0.108 0.11
Dec-1986 0.109 0.12
Jan-1987 0.130 0.14
Feb-1987 0.127 0.13
Mar-1987 0.134 0.13
Apr-1987 0.133 0.13
May-1987 0.139 0.14
Jun-1987 0.141 0.14
Jul-1987 0.146 0.14
Aug-1987 0.140 0.14
Sep-1987 0.131 0.14
Oct-1987 0.135 0.15
Nov-1987 0.131 0.15
Dec-1987 0.114 0.14
Jan-1988 0.114 0.14
Feb-1988 0.119 0.13
Mar-1988 0.120 0.13
Apr-1988 0.135 0.14
May-1988 0.135 0.13
Jun-1988 0.132 0.12
Jul-1988 0.147 0.11
Aug-1988 0.127 0.11
Sep-1988 0.124 0.11
Oct-1988 0.132 0.11
Nov-1988 0.125 0.12
Dec-1988 0.116 0.13
Jan-1989 0.130 0.14
Feb-1989 0.129 0.14
Mar-1989 0.145 0.15
Apr-1989 0.181 0.14
May-1989 0.178 0.13
Jun-1989 0.161 0.13
Jul-1989 0.140 0.13
Aug-1989 0.134 0.13
Sep-1989 0.153 0.15
Oct-1989 0.141 0.16
Nov-1989 0.133 0.16
Dec-1989 0.141 0.21
Jan-1990 0.169 0.19
Feb-1990 0.154 0.15
Mar-1990 0.153 0.15
Apr-1990 0.163 0.15
May-1990 0.176 0.14
Jun-1990 0.162 0.13
Jul-1990 0.159 0.14
Aug-1990 0.229 0.20
Sep-1990 0.251 0.23
Oct-1990 0.237 0.25
Nov-1990 0.219 0.23
Dec-1990 0.171 0.21
Jan-1991 0.176 0.20
Feb-1991 0.160 0.19
Mar-1991 0.178 0.16
Apr-1991 0.187 0.15
May-1991 0.183 0.15
Jun-1991 0.162 0.14
Jul-1991 0.167 0.15
Aug-1991 0.177 0.16
Sep-1991 0.159 0.16
Oct-1991 0.163 0.18
Nov-1991 0.163 0.17
Dec-1991 0.137 0.14
Jan-1992 0.134 0.14
Feb-1992 0.142 0.14
Mar-1992 0.146 0.14
Apr-1992 0.160 0.15
May-1992 0.167 0.15
Jun-1992 0.169 0.16
Jul-1992 0.155 0.16
Aug-1992 0.159 0.15
Sep-1992 0.156 0.16
Oct-1992 0.157 0.17
Nov-1992 0.143 0.15
Dec-1992 0.134 0.15
Jan-1993 0.136 0.14
Feb-1993 0.134 0.15
Mar-1993 0.148 0.15
Apr-1993 0.158 0.15
May-1993 0.159 0.14
Jun-1993 0.145 0.14
Jul-1993 0.133 0.13
Aug-1993 0.137 0.13
Sep-1993 0.127 0.14
Oct-1993 0.128 0.14
Nov-1993 0.113 0.13
Dec-1993 0.096 0.11
Jan-1994 0.111 0.13
Feb-1994 0.116 0.15
Mar-1994 0.120 0.13
Apr-1994 0.131 0.13
May-1994 0.131 0.13
Jun-1994 0.139 0.13
Jul-1994 0.144 0.13
Aug-1994 0.144 0.13
Sep-1994 0.118 0.13
Oct-1994 0.130 0.13
Nov-1994 0.123 0.13
Dec-1994 0.114 0.13
Jan-1995 0.126 0.13
Feb-1995 0.129 0.13
Mar-1995 0.129 0.12
Apr-1995 0.157 0.13
May-1995 0.168 0.13
Jun-1995 0.146 0.13
Jul-1995 0.127 0.12
Aug-1995 0.133 0.13
Sep-1995 0.133 0.13
Oct-1995 0.119 0.13
Nov-1995 0.121 0.14
Dec-1995 0.127 0.15
Jan-1996 0.131 0.15
Feb-1996 0.136 0.16
Mar-1996 0.153 0.17
Apr-1996 0.174 0.18
May-1996 0.166 0.15
Jun-1996 0.150 0.14
Jul-1996 0.156 0.15
Aug-1996 0.153 0.16
Sep-1996 0.156 0.18
Oct-1996 0.171 0.19
Nov-1996 0.175 0.19
Dec-1996 0.171 0.19
Jan-1997 0.177 0.18
Feb-1997 0.164 0.16
Mar-1997 0.162 0.14
Apr-1997 0.155 0.15
May-1997 0.161 0.15
Jun-1997 0.146 0.14
Jul-1997 0.156 0.14
Aug-1997 0.171 0.14
Sep-1997 0.148 0.14
Oct-1997 0.145 0.15
Nov-1997 0.139 0.15
Dec-1997 0.132 0.13
Jan-1998 0.122 0.12
Feb-1998 0.119 0.12
Mar-1998 0.113 0.11
Apr-1998 0.123 0.11
May-1998 0.127 0.11
Jun-1998 0.115 0.10
Jul-1998 0.110 0.10
Aug-1998 0.099 0.09
Sep-1998 0.106 0.11
Oct-1998 0.109 0.10
Nov-1998 0.089 0.09
Dec-1998 0.078 0.08
Jan-1999 0.086 0.09
Feb-1999 0.080 0.08
Mar-1999 0.110 0.10
Apr-1999 0.132 0.11
May-1999 0.128 0.11
Jun-1999 0.128 0.11
Jul-1999 0.150 0.13
Aug-1999 0.160 0.14
Sep-1999 0.170 0.16
Oct-1999 0.156 0.15
Nov-1999 0.174 0.17
Dec-1999 0.173 0.18
Jan-2000 0.184 0.24
Feb-2000 0.216 0.25
Mar-2000 0.226 0.20
Apr-2000 0.193 0.20
May-2000 0.237 0.20
Jun-2000 0.253 0.21
Jul-2000 0.219 0.21
Aug-2000 0.225 0.24
Sep-2000 0.241 0.26
Oct-2000 0.232 0.26
Nov-2000 0.228 0.27
Dec-2000 0.190 0.25
Jan-2001 0.229 0.22
Feb-2001 0.216 0.21
Mar-2001 0.204 0.20
Apr-2001 0.264 0.21
May-2001 0.244 0.20
Jun-2001 0.193 0.20
Jul-2001 0.178 0.18
Aug-2001 0.206 0.19
Sep-2001 0.197 0.19
Oct-2001 0.148 0.17
Nov-2001 0.132 0.14
Dec-2001 0.134 0.14
Jan-2002 0.142 0.14
Feb-2002 0.142 0.14
Mar-2002 0.189 0.17
Apr-2002 0.205 0.18
May-2002 0.195 0.18
Jun-2002 0.194 0.17
Jul-2002 0.200 0.18
Aug-2002 0.198 0.19
Sep-2002 0.205 0.20
Oct-2002 0.218 0.20
Nov-2002 0.183 0.19
Dec-2002 0.206 0.22
Jan-2003 0.232 0.24
Feb-2003 0.266 0.30
Mar-2003 0.254 0.26
Apr-2003 0.214 0.21
May-2003 0.207 0.20
Jun-2003 0.218 0.28 0.20
Jul-2003 0.234 0.25 0.21
Aug-2003 0.259 0.35 0.22
Sep-2003 0.214 0.25 0.19
Oct-2003 0.223 0.26 0.22
Nov-2003 0.217 0.27 0.22
Dec-2003 0.225 0.25 0.24
Jan-2004 0.260 0.29 0.26
Feb-2004 0.271 0.36 0.24
Mar-2004 0.288 0.35 0.24
Apr-2004 0.304 0.38 0.24
May-2004 0.353 0.44 0.27
Jun-2004 0.309 0.38 0.26
Jul-2004 0.326 0.39 0.29
Aug-2004 0.311 0.37 0.31
Sep-2004 0.327 0.39 0.33
Oct-2004 0.356 0.43 0.39
Nov-2004 0.327 0.37 0.37
Dec-2004 0.273 0.31 0.34
Jan-2005 0.329 0.36 0.35
Feb-2005 0.326 0.41 0.35
Mar-2005 0.389 0.45 0.41
Apr-2005 0.407 0.48 0.40
May-2005 0.372 0.42 0.37
Jun-2005 0.402 0.46 0.43
Jul-2005 0.423 0.50 0.43
Aug-2005 0.511 0.57 0.48
Sep-2005 0.609 0.60 0.52
Oct-2005 0.476 0.50 0.50
Nov-2005 0.381 0.42 0.45
Dec-2005 0.413 0.42 0.45
Jan-2006 0.447 0.49 0.46
Feb-2006 0.406 0.46 0.43
Mar-2006 0.484 0.53 0.47
Apr-2006 0.571 0.65 0.52
May-2006 0.539 0.67 0.52
Jun-2006 0.561 0.63 0.51
Jul-2006 0.600 0.66 0.51
Aug-2006 0.529 0.58 0.52
Sep-2006 0.412 0.47 0.45
Oct-2006 0.399 0.45 0.44
Nov-2006 0.413 0.47 0.44
Dec-2006 0.422 0.48 0.44
Jan-2007 0.372 0.44 0.40
Feb-2007 0.426 0.53 0.45
Mar-2007 0.489 0.63 0.46
Apr-2007 0.571 0.67 0.49
May-2007 0.609 0.68 0.50
Jun-2007 0.569 0.62 0.53
Jul-2007 0.562 0.61 0.55
Aug-2007 0.519 0.54 0.52
Sep-2007 0.558 0.58 0.58
Oct-2007 0.560 0.63 0.60
Nov-2007 0.623 0.68 0.68
Dec-2007 0.601 0.65 0.68
Jan-2008 0.612 0.61 0.68
Feb-2008 0.636 0.69 0.70
Mar-2008 0.677 0.74 0.81
Apr-2008 0.739 0.81 0.85
May-2008 0.821 0.87 0.95
Jun-2008 0.868 0.98 1.00
Jul-2008 0.834 0.87 0.99
Aug-2008 0.776 0.81 0.84
Sep-2008 0.829 0.76 0.77
Oct-2008 0.472 0.56 0.59
Nov-2008 0.318 0.33 0.49
Dec-2008 0.246 0.29 0.37
Jan-2009 0.303 0.38 0.39
Feb-2009 0.316 0.41 0.34
Mar-2009 0.340 0.39 0.34
Apr-2009 0.356 0.42 0.36
May-2009 0.438 0.49 0.39
Jun-2009 0.499 0.55 0.46
Jul-2009 0.450 0.51 0.43
Aug-2009 0.499 0.56 0.49
Sep-2009 0.458 0.54 0.46
Oct-2009 0.498 0.54 0.51
Nov-2009 0.509 0.52 0.52
Dec-2009 0.498 0.53 0.52
Jan-2010 0.532 0.54 0.54
Feb-2010 0.519 0.55 0.52
Mar-2010 0.565 0.60 0.55
Apr-2010 0.579 0.61 0.58
May-2010 0.525 0.56 0.54
Jun-2010 0.520 0.60 0.54
Jul-2010 0.521 0.60 0.52
Aug-2010 0.509 0.58 0.53
Sep-2010 0.515 0.55 0.55
Oct-2010 0.547 0.60 0.59
Nov-2010 0.559 0.59 0.61
Dec-2010 0.610 0.64 0.65
Jan-2011 0.631 0.65 0.69
Feb-2011 0.663 0.73 0.73
Mar-2011 0.755 0.83 0.80
Apr-2011 0.828 0.89 0.84
May-2011 0.799 0.81 0.78
Jun-2011 0.737 0.76 0.78
Jul-2011 0.786 0.78 0.81
Aug-2011 0.740 0.75 0.78
Sep-2011 0.711 0.77 0.77
Oct-2011 0.710 0.78 0.78
Nov-2011 0.671 0.72 0.81
Dec-2011 0.672 0.71 0.76
Jan-2012 0.734 0.77 0.81
Feb-2012 0.792 0.87 0.84
Mar-2012 0.837 0.89 0.85
Apr-2012 0.819 0.86 0.83
May-2012 0.734 0.85 0.77
Jun-2012 0.665 0.69 0.69
Jul-2012 0.699 0.74 0.74
Aug-2012 0.784 0.83 0.80
Sep-2012 0.801 0.84 0.83
Oct-2012 0.734 0.83 0.83
Nov-2012 0.666 0.74 0.79
Dec-2012 0.654 0.69 0.79
Jan-2013 0.705 0.77 0.81
Feb-2013 0.772 0.88 0.84
Mar-2013 0.766 0.80 0.78
Apr-2013 0.709 0.77 0.72
May-2013 0.715 0.79 0.72
Jun-2013 0.710 0.80 0.73
Jul-2013 0.754 0.80 0.76
Aug-2013 0.756 0.75 0.78
Sep-2013 0.688 0.77 0.78
Oct-2013 0.658 0.73 0.78
Nov-2013 0.647 0.70 0.77
Dec-2013 0.666 0.71 0.80
Jan-2014 0.673 0.69 0.81
Feb-2014 0.712 0.76 0.81
Mar-2014 0.717 0.76 0.77
Apr-2014 0.740 0.84 0.76
May-2014 0.730 0.80 0.76
Jun-2014 0.753 0.82 0.76
Jul-2014 0.717 0.77 0.73
Aug-2014 0.695 0.74 0.73
Sep-2014 0.688 0.72 0.70
Oct-2014 0.576 0.62 0.64
Nov-2014 0.512 0.53 0.59
Dec-2014 0.376 0.40 0.49
Jan-2015 0.336 0.34 0.43
Feb-2015 0.423 0.51 0.49
Mar-2015 0.443 0.53 0.43
Apr-2015 0.458 0.57 0.45
May-2015 0.498 0.65 0.48
Los Angeles, CA Ultra-Low
Sulfur CARB Diesel Spot
Price (Dollars per Liter)
0.251
0.230
0.197
0.183
0.186
0.203
0.216
0.196
0.194
0.204
0.208
0.198
0.193
0.165
0.156
0.151
0.179
0.170
0.181
0.186
0.159
0.150
0.131
0.127
0.146
0.137
0.124
0.124
0.122
0.127
0.126
0.123
0.103
0.110
0.103
0.159
0.155
0.143
0.178
0.183
0.188
0.180
0.187
0.212
0.201
0.225
0.234
0.252
0.215
0.212
0.222
0.236
0.280
0.317
0.309
0.318
0.279
0.237
0.238
0.229
0.232
0.235
0.239
0.208
0.226
0.236
0.192
0.165
0.149
0.150
0.163
0.195
0.192
0.186
0.193
0.192
0.214
0.236
0.222
0.212
0.223
0.237
0.283
0.275
0.215
0.205
0.222
0.241
0.258
0.221
0.237
0.248
0.258
0.262
0.305
0.296
0.383
0.373
0.313
0.350
0.360
0.385
0.429
0.389
0.332
0.344
0.397
0.453
0.473
0.422
0.455
0.478
0.560
0.590
0.576
0.462
0.463
0.515
0.502
0.526
0.602
0.631
0.599
0.584
0.608
0.524
0.478
0.499
0.534
0.484
0.530
0.538
0.575
0.563
0.595
0.613
0.572
0.599
0.660
0.718
0.678
0.672
0.726
0.830
0.892
1.005
1.029
1.019
0.852
0.787
0.590
0.466
0.353
0.384
0.341
0.340
0.376
0.404
0.487
0.462
0.512
0.481
0.525
0.537
0.528
0.539
0.533
0.566
0.609
0.561
0.565
0.556
0.571
0.578
0.618
0.630
0.661
0.691
0.754
0.854
0.895
0.828
0.812
0.823
0.785
0.795
0.816
0.843
0.769
0.816
0.856
0.894
0.859
0.794
0.701
0.754
0.852
0.872
0.852
0.811
0.785
0.823
0.861
0.798
0.768
0.752
0.770
0.804
0.820
0.809
0.785
0.769
0.793
0.773
0.798
0.766
0.792
0.797
0.794
0.775
0.779
0.739
0.681
0.636
0.501
0.412
0.515
0.456
0.479
0.539
ifscode country region date year month Exchange rate (LCU/USD)
682 MauritaniaMiddle East2003m1 2003 1 266.91
682 MauritaniaMiddle East2003m4 2003 4 264
682 MauritaniaMiddle East2015m2 2015 2
682 MauritaniaMiddle East2015m3 2015 3
Workbook Data Flow Map Sheet
This sheet maps preceding and dependent sheets based on the formulas in the sheets in the reference sheet column
Precedents Reference Sheet
IMF Tools TOC
Price Formula
FAD data (179 Cells)

Hist. price
Price Formula (1 Cells)
DATA in Liter (184 Cells)

FPT price
FPT price (179 Cells)

Moving average method

Price band method
Hist. price (184 Cells)

Comparing Taxes
Comparing Taxes
Moving average method (179 Cells)
Price band method (552 Cells)

Prices
Comparing Taxes (792 Cells) Taxes
Prices (30 Cells)

Price and Tax Volatility
Taxes (30 Cells)
DATA in Liter
FAD data (Hidden)

sheets in the reference sheet column
Dependents
FPT price (1 Cells)
Comparing Taxes (184 Cells)
Prices (132 Cells)
Prices (132 Cells)
Prices (132 Cells)
Prices (396 Cells)
Taxes (792 Cells)

Price and Tax Volatility (30 Cells)
Price and Tax Volatility (30 Cells)

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Fuel pricing mechanisms_v3.

Tab Name Tab Description Hidden

1.a. Standard deviation of monthly prices

2.a. Standard deviation of monthly tax

Import price Freight margin Insurance (0.15% Exchange rate

2003m1 0.24 0.10 0.00 266.9

Adjusted import price Domestic margins

Monthly change Forgone Tax Revenue

The historical price can be

FPT Historical price FPT Historical price

2004 0.0 144.7

1.5. Diesel tax revenue (percent of GDP)

Diesel consumption FPT Historical price GDP (LCU billion)

10.0 2004 21050.0

Average (2004-14) #DIV/0! #DIV/0!

Foregone tax revenue #DIV/0!

Full pass-through price PB3 price Monthly change PB5 price

2003m12 0.0 135.7 135.7

Monthly change PB10 price Monthly change PB0 Implied Price

1.a. Standard Dev. of Price 0.0 60.5 34.1 30.3 22.6

1.c. Largest month increase 0.0 19.6 0.1 0.0 0.0

2.a. Standard Dev. of Taxes 0.0 60.5 34.1 30.3 22.6

2.c. Largest month decrease 0.0 53.8 3.9 6.4 12.2

-4.1 -6.8 -13.6

FPT Historical PB3 PB5 PB10 FPT Historical PB3

2004 0.0 144.7 111.9 98.8 73.0 0.0 528.2

10.0 2004 0.0% 2.5%

PB5 PB10 GDP (LCU billion)

Import price Avg. Import prices of last 2 Freight margin

Adjusted import price

0.00 264.0 95.2 15

12 27.0 15 5 19.9 39.9

Import price Avg. Import prices of last 4 Freight margin

Adjusted import price

0.00 264.0 26.4 15

12 27.0 15 5 10.3 30.3

Import price Avg. Import prices of last 6 months Freight margin

Adjusted import price

0.00 264.0 26.4 15

12 27.0 15 5 10.3 30.3

1.a. Standard Dev. of Price 0.00 60.45 63.63 63.49 2.23

1.c. Largest month increase 0.0 19.6 29.6 21.1 5.8

2.6 3.6 0.1

2.a. Standard Dev. of Taxes 0.0 60.5 63.6 63.5 2.2

2.c. Largest month decrease 0.0 53.8 72.7 73.0 4.4

2.6 3.6 0.1

2004 0.0 144.7 187.1 183.7 83.6 0.0 0.0

Diesel consumption Historical

10.0 2004 0.0% 0.0%

MA4 MA6 GDP (LCU billion)

3.6 0.1 0.0 0.0 16.6 46.0 184.1 6.8 13.0

3.6 0.1 0.0 0.0 16.6 46.0 184.1 6.8 13.0

Historical PB3 PB5 PB10 MA2 MA4 MA6

Diesel consumption Historic

PB5 PB10 MA2 MA4 MA6 GDP (LCU billion)

1.7% 1.3% 3.2% 3.2% 1.4% 21050.0

PB5 PB10 MA2 MA4 MA6

0.3% 0.2% 5.9% 5.8% 1.7%

I - Price Volatility under different pricing regimes

II - Tax Volatility under different pricing regimes

Sum of all rankings 10 65 36 37

PB10 MA2 MA4 MA6

PB10 MA2 MA4 MA6