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Gasoline demand, pricing policy, and social welfare in Saudi Arabia: A quantitative analysis

Tarek N. Atalla, Anwar Gasim () and Lester Hunt ()

Energy Policy, 2018, vol. 114, issue C, 123-133

Abstract: Domestic energy prices in Saudi Arabia are set below international market prices. This, coupled with rapid economic and population growth, is believed to have contributed to the rapid growth in domestic energy demand and, recently, affected the government budget in the face of low international oil prices. In December 2015, Saudi Arabia announced increases in domestic energy prices. This paper therefore considers the impacts, focusing on gasoline, by estimating a demand function and using it to estimate the change in social welfare.

Keywords: Saudi Arabia; Gasoline Demand; Structural Time Series Model; Underlying Energy Demand Trend; Subsidies; Welfare (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:enepol:v:114:y:2018:i:c:p:123-133