Fuel Price Increases

Author : Mr. Kangni R Kpodar,Boya Liu
Publisher : International Monetary Fund
Page : 34 pages
File Size : 47,5 Mb
Release : 2021-11-12
Category : Business & Economics
ISBN : 9781616356156

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The Distributional Implications of the Impact of Fuel Price Increases on Inflation by Mr. Kangni R Kpodar,Boya Liu Pdf

This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power
Publisher : Unknown
Page : 280 pages
File Size : 52,6 Mb
Release : 1990
Category : Petroleum
ISBN : PSU:000016130494

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Fuel Price Increases by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power Pdf

Author : United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation
Publisher : Unknown
Page : 100 pages
File Size : 45,5 Mb
Release : 1994
Category : Business & Economics
ISBN : PSU:000021862250

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Implications of the Recent Diesel Fuel Price Increases for the Commercial Motor Carrier Industry by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on Surface Transportation Pdf

Author : United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation
Publisher : Unknown
Page : 92 pages
File Size : 51,5 Mb
Release : 2001
Category : Technology & Engineering
ISBN : LOC:00091523085

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The Effect of Fuel Price Increases on Airlines and Passengers by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Aviation Pdf

Author : Mr.Kangni R Kpodar,Mr.Chadi Abdallah
Publisher : International Monetary Fund
Page : 32 pages
File Size : 51,6 Mb
Release : 2016-12-23
Category : Business & Economics
ISBN : 9781475563221

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Dynamic Fuel Price Pass-Through by Mr.Kangni R Kpodar,Mr.Chadi Abdallah Pdf

This paper assesses the dynamic pass-through of crude oil price shocks to retail fuel prices using a novel database on monthly retail fuel prices for 162 countries. The impulse response functions suggest that on average, a one cent increase in crude oil prices per liter translates into a 1.2 cent increase in the retail gasoline price at peak level six months after the shock. However, the estimates vary significantly across country groups, ranging from about 0.5 cent in MENA countries to two cents in advanced economies. The results also show that positive oil price shocks have a larger impact than negative price shocks on the retail gasoline price. Finally, the paper underscores the importance of the new dataset in refining estimates of the fiscal cost of incomplete pass-through.

Author : United States. Congress. Senate. Committee on Banking and Currency
Publisher : Unknown
Page : 12 pages
File Size : 41,7 Mb
Release : 1949
Category : Gasoline
ISBN : HARVARD:32044031886625

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Preliminary Analysis of the Gasoline Price Increases ... by United States. Congress. Senate. Committee on Banking and Currency Pdf

Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power
Publisher : Unknown
Page : 280 pages
File Size : 51,6 Mb
Release : 1990
Category : Petroleum industry and trade
ISBN : STANFORD:36105062986125

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Fuel Price Increases by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Energy and Power Pdf

Author : Martin Lobel,United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 108 pages
File Size : 48,9 Mb
Release : 1971
Category : Gasoline
ISBN : UIUC:30112069635313

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Report on Crude Oil and Gasoline Price Increases of November 1970 by Martin Lobel,United States. Congress. Joint Economic Committee Pdf

Prepared for the use of the Joint Economic Committee, Congress of the United States.

Author : Alassane Drabo,Kodjovi M. Eklou,Patrick A. Imam,Mr. Kangni R Kpodar
Publisher : International Monetary Fund
Page : 49 pages
File Size : 46,8 Mb
Release : 2023-10-27
Category : Business & Economics
ISBN : 9798400257384

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Social Unrests and Fuel Prices: The Role of Macroeconomic, Social and Institutional Factors by Alassane Drabo,Kodjovi M. Eklou,Patrick A. Imam,Mr. Kangni R Kpodar Pdf

This paper investigates the impact of fuel price increases on social unrests in addition to the macroeconomic, social and institutional factors driving this relationship. Using the IV fixed-effect estimator on a sample of 101 developing countries during 2001-2020, we find that changes in fuel prices are positively associated with the number of social unrests, mainly anti-government demonstrations. This impact is however amplified: (i) during economic downturns and periods of high exchange rate instability; (ii) when government spending is low, especially on health and education, thus suggesting that streamlining fuel subsides and diverting parts of the reform savings to the health and education sectors is an appropriate policy that could appease social tensions; (iii) in countries with high income inequality, low institutional quality and high level of corruption. The results are robust to a battery of tests, including the use of an instrumental variable approach to address reverse causality concerns given that social unrests could also prompt a freeze in fuel prices. We also find consistent results using either changes in diesel or gasoline prices. Overall, the findings of the paper provide support to the grievance and deprivation theory in explaining the association between fuel price increases and social unrests, but fail to find evidence for the resource theory and the theory of political opportunities.

Author : Mr.Kangni R Kpodar,Ms.Stefania Fabrizio,Kodjovi M. Eklou
Publisher : International Monetary Fund
Page : 34 pages
File Size : 41,8 Mb
Release : 2019-02-04
Category : Business & Economics
ISBN : 9781484387771

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Export Competitiveness - Fuel Price Nexus in Developing Countries: Real or False Concern? by Mr.Kangni R Kpodar,Ms.Stefania Fabrizio,Kodjovi M. Eklou Pdf

This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing countries over the period 2000-2014. Using a fixed-effect estimator and the local projection approach, we find that an increase in domestic gasoline or diesel price adversely affects real non-fuel export growth, but only in the short run as the impact phases out within two years after the shock. The results also suggest that the negative effect of fuel price increase on exports is mainly noticeable in countries with a high-energy dependency ratio and countries where access to an alternative source of energy, such as electricity, is constrained, thus preventing producers from altering energy consumption mix in response to fuel price changes.

Author : United States. Congress. Senate. Committee on Banking and Currency
Publisher : Unknown
Page : 66 pages
File Size : 45,5 Mb
Release : 1949
Category : Gasoline
ISBN : UCBK:C055434142

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Preliminary Analysis of the Gasoline Price Increases ... by United States. Congress. Senate. Committee on Banking and Currency Pdf

Author : United States. Emergency Preparedness Office
Publisher : Unknown
Page : 84 pages
File Size : 40,5 Mb
Release : 1971
Category : Electronic
ISBN : STANFORD:36105130068187

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Report on Crude Oil and Gasoline Price Increases of November 1970. April 1971 by United States. Emergency Preparedness Office Pdf

Author : Barry Leonard
Publisher : DIANE Publishing
Page : 26 pages
File Size : 54,5 Mb
Release : 2007-12
Category : Electronic
ISBN : 1422319571

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Federal Trade Commission Report on Spring/Summer 2006 Nationwide Gasoline Price Increases by Barry Leonard Pdf

On April 25, 2006, Pres. Bush directed ¿the Dept. of Justice to work with the Fed. Trade Comm. (FTC) & the Energy Dept.(DoE) to conduct inquiries into illegal manipulation or cheating related to current gasoline prices.¿ The FTC was, at that time, investigating the increases in gasoline prices that occurred following Hurricane Katrina, including an intensive examination of whether refiners & other market participants had manipulated, or tried to manipulate, gasoline prices. The FTC found no evidence of manipulation & only limited instances of price gouging by gasoline wholesalers & retailers. The FTC & DoE conducted this economic analysis & investigation of the nat. avg. gasoline price increases that began during the spring of 2006 & continued through the summer. Illus.

Author : Kenneth B. Young,Jerry M. Coomer
Publisher : Unknown
Page : 40 pages
File Size : 44,5 Mb
Release : 1980
Category : Irrigation
ISBN : UIUC:30112018968229

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Effects of Natural Gas Price Increases on Texas High Plains Irrigation, 1976-2025 by Kenneth B. Young,Jerry M. Coomer Pdf

Author : Mr.David Coady,Mr.Javier Arze del Granado,Luc Eyraud,Ms.Anita Tuladhar
Publisher : International Monetary Fund
Page : 23 pages
File Size : 46,8 Mb
Release : 2013-02-05
Category : Business & Economics
ISBN : 9781475571196

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Automatic Fuel Pricing Mechanisms with Price Smoothing by Mr.David Coady,Mr.Javier Arze del Granado,Luc Eyraud,Ms.Anita Tuladhar Pdf

Many developing and emerging countries do not fully pass-through increases in international fuel prices to domestic retail prices, with adverse consequences for fuel tax revenues and tax volatility. The adoption of an automatic fuel pricing mechanism can help to address this problem, and the incorporation of a price smoothing mechanism can ensure pass-through over the medium term but also avoid sharp increases (and decreases) in domestic prices. This technical note addresses the following issues: (i) the design of an automatic fuel pricing mechanism; (ii) the incorporation of domestic price smoothing and resulting tradeoffs; (iii) the transition from ad hoc pricing adjustments to an automatic mechanism; and (iv) policies to support this transition and the maintenance of an automatic mechanism. A standardized template for simulating and evaluating the implications of alternative pricing mechanisms for price and fiscal volatility is available on request.