Impact of diesel price reforms on asymmetricity of oil price pass-through to inflation: Indian perspective

Pradeep, Siddhartha

doi:10.1016/j.jeca.2022.e00249

Cited by 7 publications

(2 citation statements)

References 87 publications

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“…Meanwhile, (Sabayo et al, 2023) study on Tanzania highlighted the negative impact of oil price volatility on economic growth, coupled with a positive effect on inflation in the long run, reinforcing the importance of managing oil price volatility for economic stability. (Pradeep, 2022) investigating diesel price reforms in India, found a reduction in short and long-run asymmetric oil transmission post-reform, emphasizing a preference for passing oil price hikes. Additionally, (Osei, 2022) study in Brazil, utilizing a nonlinear model, uncovered nonlinear and asymmetric effects of oil prices on inflation, underlining the need to consider asymmetries in the inflation-oil price nexus.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Global Energy Price Volatility on Oil Derivative and Local Price in Jordan: Using DCC-GARCH Model

Adailah,

Al-Damour,

Al-Majali

2024

IJEEP

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The central aim of this study is to evaluate the repercussions of global energy price fluctuations on the pricing of local oil derivatives in Jordan, and their subsequent impact on domestic price levels. This research seeks to propose risk mitigation strategies to address the challenges posed by energy price volatility, offering valuable insights for Jordanian policymakers. Given the dearth of understanding among policymakers and industry stakeholders regarding the economic ramifications of global energy prices on local markets, this study posits a statistically significant relationship, at a 5% significance level, between global energy prices, local oil derivative prices, and the prices of commodities and services. To investigate these dynamics, the study employs a DCC-GARCH (Dynamic Conditional Correlation Generalized Autoregressive Conditional Heteroskedasticity) model, utilizing monthly data spanning from Jan:2008 to Mar:2022, encompassing global energy prices, local energy prices, and the consumer price index. The study's findings reveal that fluctuations in global oil prices, specifically the Brent benchmark, have a discernible impact on local oil derivative prices in Jordan. However, the reverse causal relationship is not supported, indicating a unidirectional link from oil prices to oil derivatives. The estimated DCC-GARCH model further quantifies this connection, demonstrating that a 1% increase in Brent oil prices corresponds to a 0.21% increase in local oil derivative prices within Jordan. Moreover, a 1% uptick in local oil derivative prices corresponds to a 0.23% increase in the consumer price index. Based on these research outcomes, it is strongly recommended that measures be explored to effectively manage the volatility of oil derivative prices in Jordan. The implementation of such measures holds the potential to bolster local price stability and foster a more resilient economic environment.

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Section: Literature Reviewmentioning

confidence: 99%

The Impact of Global Energy Price Volatility on Oil Derivative and Local Price in Jordan: Using DCC-GARCH Model

Adailah,

Al-Damour,

Al-Majali

2024

IJEEP

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“…With the rapid growth in production capacity, the supply capacity rose. On the demand side, with the expansion of the size of the market, market demand became strong; the CIF price of aviation kerosene and imported bonded aviation kerosene fluctuated upward, and the growth rate of the aviation kerosene consumption index showed regional differences [4]. Under the implementation of global environmental protection policies, market-oriented reforms may incentivize airlines to focus more on improving aircraft fuel efficiency and reducing energy consumption, and promote the development of sustainable fuel markets.…”

Section: Introductionmentioning

confidence: 99%

Research on the Effect of Marketization Reform on the Price of Aviation Kerosene in China

Cao,

Li,

Meng

et al. 2024

Sustainability

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The development of the aviation industry relies heavily on stable kerosene prices, and price fluctuations have an impact on its economic sustainability. To explore the effect of China’ s implementation of market-oriented reform of aviation kerosene prices, our study aims to evaluate the dynamic correlation between China’s aviation kerosene prices and Singapore’s CIF price, supply and demand, domestic economic development level and other market-oriented factors. To this end, in this paper, monthly data from 2006 to 2019 were selected for the variables mentioned above and, based on multiple econometric techniques, the influence of market factors on the price of aviation kerosene in China was studied. The empirical results confirm that the current Chinese aviation kerosene price has a significant linking effect with the CIF price of Singapore’s imports and is affected by the level of domestic demand. China’s aviation kerosene price is more affected by international oil and gas market factors relative to fundamental factors in the domestic market. The long- and short-term Granger causality test results also show that the market-oriented reform of China’s aviation kerosene field is beginning to take effect. Finally, the article discusses and puts forward suggestions for promoting China’s market-oriented price reform for refined oil products and the sustainable development of the aviation industry.

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Game to Ride: Gamification to Salvage Carbon Footprints for Sustainable Development

Tayal

Rajagopal

Mahajan

2023

Lecture Notes on Data Engineering and Communications Technologies

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Impact of diesel price reforms on asymmetricity of oil price pass-through to inflation: Indian perspective

Cited by 7 publications

References 87 publications

The Impact of Global Energy Price Volatility on Oil Derivative and Local Price in Jordan: Using DCC-GARCH Model

The Impact of Global Energy Price Volatility on Oil Derivative and Local Price in Jordan: Using DCC-GARCH Model

Research on the Effect of Marketization Reform on the Price of Aviation Kerosene in China

Game to Ride: Gamification to Salvage Carbon Footprints for Sustainable Development

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