IDEAS home Printed from https://ideas.repec.org/a/asi/ajemod/v7y2019i3p110-120id343.html
   My bibliography  Save this article

Determinants of Petrol Prices in India: A Regression Model with De-Autocorrelated Time-Series Data

Author

Listed:
  • Betcy Theodore
  • Martin L William

Abstract

The control that the Central Government of India had for many years over the petrol prices, kept the life of the common man, who was dependent on the prices of essential commodities for day to day existence, at ease. The liberalization policy allowing determination of petrol prices by the oil marketing companies based on the international market prices is now affecting the prices of all essential commodities with cascading effects. This paper attempts to discover how strongly various manifest factors govern the petrol prices in India on a month-to-month basis. A regression model is built using time-series data on monthly petrol prices and other lagged variables including petrol consumption, import and export of petroleum products, etc. spread over the period 2010 to 2018. Various transformations are performed on the variables to get a more accurate model. The auto-correlation present in the data is suitably handled and finally a regression model is built with the de-autocorrelated data.

Suggested Citation

  • Betcy Theodore & Martin L William, 2019. "Determinants of Petrol Prices in India: A Regression Model with De-Autocorrelated Time-Series Data," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 7(3), pages 110-120.
    • Handle: RePEc:asi:ajemod:v:7:y:2019:i:3:p:110-120:id:343
    as

    Download full text from publisher

    File URL: https://archive.aessweb.com/index.php/5009/article/view/343/630
    Download Restriction: no
    File URL: https://archive.aessweb.com/index.php/5009/article/view/343/6781
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asi:ajemod:v:7:y:2019:i:3:p:110-120:id:343. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Robert Allen (email available below). General contact details of provider: https://archive.aessweb.com/index.php/5009/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.