Other countries like China recycle their foreign trade imbalances and use dollars as fuel subsidies.
In Pittsburgh, the G-20 countries agreed to phase out inefficient fossil fuel subsidies over time.
WSJ: Lawrence Summers and Timothy Geither: Our Agenda for the G-20
According to the World Bank, only 10% of Indonesian fuel subsidies benefit the poor.
Before passing its colossal energy bill last week, the Senate rejected coal-to-liquid fuel subsidies.
Could Rio see targets and timelines set that would actually see fossil fuel subsidies end?
Under pressure from the Fund, he scrapped fuel subsidies, jacking up prices and triggering riots.
For what gets included in US fossil fuel subsidies, Warren Myer has information here.
FORBES: National Geographic's Howling Ignorance About Fossil Fuel Subsidies
But the region's politicians have been slow to take the most obvious step, of cutting fuel subsidies.
Several governments have cut fuel subsidies in recent weeks, a move that should help to stifle demand.
That's why we've worked with other nations to phase out fossil fuel subsidies.
Mr Ensour, who was serving as interim prime minister before elections in January, ended fuel subsidies late last year.
He pledged to reduce fuel subsidies and impose a goods and services tax.
It would take skilful manoeuvring to do that and also promote bold, liberalising reforms, such as cutting fuel subsidies.
On fuel subsidies, for example, he has suggested raising the price of premium petrol only and not until next year.
ECONOMIST: But Mr Yudhoyono has a little time in hand to do it in
Oh dear, oh dear: National Geographic has got itself into a terrible tangle about fossil fuel subsidies around the world.
FORBES: National Geographic's Howling Ignorance About Fossil Fuel Subsidies
Foreigners may face even higher expenses in some Asian cities in the near future, as governments roll back fuel subsidies.
Since then, however, the continued rise in the oil price has meant that the cost of fuel subsidies has actually risen.
That new obligation comes on top of massive state spending to save the banking industry and continue food and fuel subsidies.
Until recently another big deterrent to energy investment in South-East Asia was the widespread use of price controls and fuel subsidies.
Susilo Bambang Yudhoyono (affectionately called "SBY" by Indonesians) slashed lavish fuel subsidies in October, a move he knew would be severely unpopular.
Nigerian President Goodluck Jonathan's government says it believes the removal of fuel subsidies would have a positive impact on the country's economy.
CNN: 'Searing anger' as Nigerians protest fuel price increase
It has eased foreign-investment rules in the retail, civil-aviation and broadcasting sectors, and has reduced fuel subsidies to improve its fiscal health.
In fact, programs that help the poor afford fuel have been identified as the largest category of fossil fuel subsidies in the world.
Since September, the government has taken several measures such as reducing fuel subsidies, easing foreign investment restrictions and fast-tracking industrial projects to improve economic conditions.
In 2009, G20 leaders pledged "to phase out and rationalize over the medium term inefficient fossil fuel subsidies while providing targeted support for the poorest".
That is because, in the run-up to the United Nations Climate Change Conference taking place next month in Copenhagen, fuel subsidies are on the political agenda.
The government's bold decision to cut fuel subsidies from January 1st, however much economic sense it might make, has further widened the gap between rich and poor.
He has been accused of failing to "sell" his recent decision to cut fuel subsidies to the Nigerian public (and of "overselling" the threat posed by Boko Haram).
Mr Kim, an avid advocate against global warming, said the bank's and the world's top priorities needed to be energy pricing, ending fuel subsidies and making low-carbon cities.
Poor countries' food-export bans and fuel subsidies compounded the problems.
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