How do oil prices pass through to fuel prices?
Quelle transmission des prix du pétrole aux prix des carburants ?
Erwan Gautier,
Magali Marx and
Paul Vertier
Eco Notepad (in progress) from Banque de France
Abstract:
A 1% increase in the price of imported refined diesel ultimately translates into a 0.75% increase in the pre-tax price and a 0.3% increase in the pump price of diesel including taxes in France. The adjustment does not occur immediately but is rapid: after one week, the increase in the pre-tax price is 0.45%, i.e. more than 50% of the final pass-through. Prices respond in the same way to an upward or downward shock.
Une hausse de 1% du prix du gazole raffiné importé se traduit in fine par une hausse de 0,75% du prix HT et de 0,3% du prix TTC du gazole à la pompe en France. L’ajustement est progressif mais rapide : après une semaine, la hausse du prix HT est de 0,45% soit plus de 50% de la transmission finale. Les prix réagissent de la même manière à un choc à la hausse ou à la baisse.
Date: 2021-10-14
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https://www.banque-france.fr/en/publications-and-s ... -through-fuel-prices
https://www.banque-france.fr/fr/publications-et-st ... -prix-des-carburants
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:econot:233
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