Explicit fossil fuel subsidies as a share of GDP, 2015 to 2020

Subsidies are pre-tax and for both the production and consumption of fossil fuels. Production subsidies reduce thecost of producing coal, oil or gas. Consumption subsidies cut fuel prices for the end user, such as by fixing the priceat the petrol pump so that it is less than the market rate.

2015202020162017201820191%Papua New Guinea

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Explicit fossil fuel subsidies as a share of GDP

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