How do Petrol Prices Respond to Variations in Crude oil and the Exchange Rate? Evidence from South Africa
نویسندگان
چکیده
This study investigated the response of petrol prices to variations in domestic and international components. Monthly time series data spanning from 2002M1 2021M12 was analysed by means econometric modelling including structural Vector autoregression. The impulse function indicated that basic respond positively their own shocks brent crude oil this found be substantial size. In contrast, negatively exchange rates albeit is small. variance decomposition revealed are largely explained short run long run. Domestically, pump prices, inland transport costs, wholesale, retail profit-margins while on contrary, negative towards road accident fund levy muted fuel taxes. Given rise government can consider reviewing current structure suspending several levies indefinitely provide much-needed financial relief households businesses.
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ژورنال
عنوان ژورنال: TIJAB (The International Journal of Applied Business)
سال: 2022
ISSN: ['2599-0705']
DOI: https://doi.org/10.20473/tijab.v6.i2.2022.34887