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

H. Murat Ertuğrul, B. Oray Güngör and Uğur Soytaş ()
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UÄŸur SoytaÅŸ: Asia Pacific Applied Economics Association
Authors registered in the RePEc Author Service: Hasan Murat Ertugrul () and Ugur Soytas

Energy RESEARCH LETTERS, 2021, vol. 1, issue 1, 1-4

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: O (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: The Effect of Covid-19 Outbreak on Turkish Diesel Consumption Volatility Dynamics (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnerl:13

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