Loading...
AdminLTE Logo
  • PSRTI | Completed Research Studies
AdminLTE Logo PSRTI



1998 Short Run Demand for Selected Petroleum Products

Year: 1998
Author: Vivian A. Cabiling

Abstract:

While petroleum products are essential commodities particularly in the transportation, manufacturing, and aviation sectors, there is little research on what drives the local demand for oil. Moreover, the effect of government excise taxes on petroleum needs to be measured in order to formulate adequate tax policies that will guarantee revenue for the government with minimal adverse effect on demand. The study primarily aimed to address these research gaps by identifying the market determinants of demand for certain petroleum products and ultimately determine the effect of excise taxes on these products. Short run demand models were constructed for the following oil products: diesel, regular and premium gasoline, aviation turbo, and kerosene. Using multiple linear regression and regression with autocorrelated errors, market drivers of demand for each of the petroleum products were determined. Pump prices of petroleum, government excise taxes and some macroeconomic indicators were found to explain the variation in demand for the selected oil commodities. With this, the study concluded that appropriate tax policies can efficiently regulate petroleum consumption.

Keywords:

File request
First name
Middle name
Last name
Email
Agency
DATA PRIVACY CONSENT/AGREEMENT

The Privacy Notice of the Philippine Statistical Research and Training Institute:

Personal Information and Purpose:

We shall be getting the following personal information from you when you electronically submit to us your registration form, inquiries, complaints, suggestions and other requests:

In the conduct of our research and training activities, you will be asked for pertinent personal information such as your name, age, gender, contact information, and other details. The personal information we collect will be used solely for documentation and processing purposes within the PSRTI and will NOT be shared with any outside parties. The data will also be used to provide clients and stakeholders updates and advisories of our statistical researches and training-related activities.

Protection of Clients Data/Information:

We give assurance that all personal information will be stored, secured and kept in strictest confidence by PSRTI where only authorized personnel can have access to online personal information. Collected/gathered information will not be shared to any unauthorized PSRTI staff or those from outside parties.

You hereby grant permission to PSRTI to:
  • collect, store and manage the data collected from you.
  • randomly capture photo/s for the purpose of research/training documentation to be used in marketing collaterals, ads, website and other marketing mediums of PSRTI.
  • use your e-mail to receive e-flyers and other brochures for marketing purposes.
Version 1.0.0
Copyright © 2020 psrti.gov.ph. All rights reserved.