When I say "true energy price" I do not mean the price of petrol/diesel available at the petrol bunks nor do I mean the price of fossil fuel per liter or per kg. It would mean the price per energy content of the fuel.
Given the different types of fossil fuel imported to Maldives over the past 10 years and how it is measured (LPG in kg while diesel in liters) it and its different energy content(diesel have higher energy content than petrol), it would be completely impossible to give an accurate picture of which fuel is more expensive and which is cheaper. In order to give an accurate comparison of the cost of fossil fuels imported, I had to convert the amount of fuel imports in that period to its respective energy content. And that energy content is measured against the monetary value expended to buy that fuel. The diagram below shows such a comparison of the 4 major fossil fuel imports in Maldives over 10 years (2001 to 2010). This just for information.
The data provided for this analysis is from Maldives Customs Services, and the data has been used without any changes to the original data. Furthermore this analysis is not a reviewed or a published analysis.
Given the different types of fossil fuel imported to Maldives over the past 10 years and how it is measured (LPG in kg while diesel in liters) it and its different energy content(diesel have higher energy content than petrol), it would be completely impossible to give an accurate picture of which fuel is more expensive and which is cheaper. In order to give an accurate comparison of the cost of fossil fuels imported, I had to convert the amount of fuel imports in that period to its respective energy content. And that energy content is measured against the monetary value expended to buy that fuel. The diagram below shows such a comparison of the 4 major fossil fuel imports in Maldives over 10 years (2001 to 2010). This just for information.
The data provided for this analysis is from Maldives Customs Services, and the data has been used without any changes to the original data. Furthermore this analysis is not a reviewed or a published analysis.
why the hike in 2008?
ReplyDeleteThat's the fossil fuel price hike of 2008 in global markets, where per barrel crude oil price went upto 160USD.
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