Petrol Price Asymmetries Revisited

Barry Reilly and Robert Witt

No 89, Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS) from Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey

Abstract: An error correction model is fitted to monthly data on net retail prices for the United Kingdom over the period January 1982 to June 1995 in order to examine the short-run response of retail petrol prices to changes in input costs and the exchange rate. The hypothesis of a symmetric response by petrol retailers to crude price rises and falls is rejected by the data over the period examined. A similar hypothesis in regard to the exchange rate is also rejected by the data.

Keywords: Petrol prices; Asymmetry; Exchange rate. (search for similar items in EconPapers)
JEL-codes: D40 Q43 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1996-08
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Petrol price asymmetries revisited (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:sur:seedps:89

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