The Effect of Covid-19 Outbreak on Turkish Diesel Consumption Volatility Dynamics

Hasan Ertugrul (), B. Oray Güngör and Ugur Soytas

MPRA Paper from University Library of Munich, Germany

Abstract: We analyze the effect of the COVID-19 outbreak on volatility dynamics of the Turkish diesel market. We observe that a high volatility pattern starts around mid-April, 2020 and reaches its peak on 24/05/2020. This is due to the government imposed weekend curfews and bans on intercity travels. Two policy suggestions are provided. First is a temporary rearrangement of profit margins of dealers and liquid fuel distributors; and, second is a temporary tax regulation to compensate lost tax revenue.

Keywords: Diesel Consumption; ARIMA Models; ARCH Family Models; Covid-19 pandemic (search for similar items in EconPapers)
JEL-codes: C10 Q43 Q47 (search for similar items in EconPapers)
Date: 2020, Revised 2020
New Economics Papers: this item is included in nep-ara, nep-ene and nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Published in Energy RESEARCH LETTERS 1.3(2020): pp. 1-4

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Related works:
Journal Article: The Effect of the COVID-19 Outbreak on the Turkish Diesel Consumption Volatility Dynamics (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:110166

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