Template-Type: ReDIF-Article 1.0 
Author-Name: Joel Abraham
Author-Name:  Akeneta Vonoyauyau
Author-Name:  Seema Wati Narayan
Author-Email:  swdhar27@gmail.com
Author-Workplace-Name:  Fijian Competition and Consumer Commission, Fiji
Title: Price Controlled Petroleum and LPG Prices and COVID-19 - Some Evidence From Fiji
Abstract:  This note examines the effects of the COVID-19 pandemic on price-controlled petroleum and LPG prices in Fiji. We develop autoregressive models of price control orders authorised by the Fijian Competition and Consumer Commission and find that the controlled prices of imported fossil fuels in Fiji did increase during the COVID-19 because of supply chain issues during the pandemic. Moreover, the effect of the pandemic on LPG prices was greater than those on petrol prices. These effects of the COVID-19 pandemic are found to be insignificant, which implies that consumers of imported fossil fuel were shielded by the price control policy and in the case of transport fuel, reduced demand for transport fuel due to the economic lockdowns also provided some relief in the domestic market.
Classification-JEL:  C32 ,Q41
Keywords:  Fossil fuels, Petroleum products, LPG, Price controls, COVID-19
Journal:  Energy RESEARCH LETTERS
Pages: 1-4
Volume: 4
Issue: 4
Year:  2024
DOI:  2024/07/09
File-URL:  https://erl.scholasticahq.com/api/v1/articles/88995-price-controlled-petroleum-and-lpg-prices-and-covid-19-some-evidence-from-fiji.pdf
File-Format:  Application/pdf
Handle:  RePEc:ayb:jrnerl:93