Reach floor levels for the taxation of petroleum products
At P1R0, in view of the sharp increase in oil prices on international markets, the Government of Mali has not been in a position to fulfill its commitment to reach the established minimum levels of taxation on petroleum products.  The price increases implemented on May 14 were limited to CFAF 15 per liter, whereas increases of about CFAF 55 were necessary under the program.  As a result, the prior action was not fulfilled, resulting in a financing gap of CFAF 12 billion in the 2008 budget.