Fuel Price Policy Research Articles

Analisis Dampak Kebijakan Perubahan Publik Harga BBM terhadap Perekonomian Rakyat Indonesia

This research aims to find out the government's role in society regarding rising fuel prices, and also aims to find out what causes the increase in fuel prices. This research uses a qualitative research methodology and uses a descriptive approach where the researcher will compile a complex picture and analyze it word by word. The research results reveal that rising oil prices can have a significant impact on society and the country's economy. The research results also show that the fuel price change policy has a significant impact on the inflation rate, with direct consequences for people's purchasing power. In addition, certain economic sectors such as transportation and manufacturing are also significantly affected. This analysis provides insight into how fuel price policy can be an important instrument in managing economic stability and social welfare in Indonesia. The policy implications resulting from this research can provide guidance for more effective and sustainable policy planning in the context of changes in fuel prices in the future.

Sentiment Analysis to Measure Public Trust in the Government Due to the Increase in Fuel Prices Using Naive Bayes and Support Vector Machine

The study examines public sentiment on the government's fuel price policy using an experimental approach and Twitter data obtained through API scraping. It applies sentiment analysis methods like Naïve Bayes, SVM, and Majority Voting. SVM achieved 85% accuracy, excelling in identifying negative sentiments, while Majority Voting reached 70% by considering confidence levels. Naïve Bayes struggled with neutral sentiments. They are combining methods to enhance the understanding of public sentiments on fuel price changes. The study highlights sentiment analysis' effectiveness in gauging reactions to fuel policies, with SVM offering more profound insights into sentiments related to fuel price hikes. Challenges remain in identifying neutral sentiments due to social media text brevity. These findings underscore the contextual importance of interpreting sentiment analysis. Leveraging these insights, governments can understand public perceptions better and devise improved communication strategies for sensitive economic policies like fuel price hikes, fostering better government-citizen interactions. The study aims to guide stakeholders in comprehending public perspectives within public policy, emphasizing the relevance of sentiment analysis for policy evaluation.

Energy Policy and Poverty: A Study of the Effects of Fuel Prices in Indonesia

The purpose of this article is to examine the effects of the Indonesian government's oil fuel price policy on the nation's poverty rate. This study investigates how variations in oil fuel costs affect the population's ability to make purchases, particularly those who are below the poverty line. It does so by using secondary data from a variety of sources and quantitative analysis techniques. According to the study's findings, the oil industry's gasoline pricing strategy significantly affects the poverty rate because rising fuel costs tend to make people poorer. According to this article, the government should think about the socioeconomic repercussions of its energy policy and look for ways to lessen the effects of rising fuel prices. The study adds to the body of knowledge on energy and poverty policies in Indonesia by offering new insights into the relationship between energy policy and poverty.

Attitude of Media Tribunbengkulu.Com in Reporting on Fuel Price Policy

The increase in subsidized fuel prices is one of the problems that is of concern to all levels of society, especially for those who use subsidized fuel oil as their main fuel. This of course attracted the attention of the media team to make this issue a topic of news. The news presented can be seen from different perspectives in each media. This research was conducted to find out how the attitude of the TribunBengkulu.com media in reporting the fuel price policy was analyzed through its reports. The analysis used is Robert N.Etman's Framing Analysis which consists of four elements, namely Define Problems, Diagnose Cause (estimate the causes of problems), Make Moral Judgments (make moral decisions), and Treatment Recommendations (Emphasize resolution). The results of the study show that most of the reporting from TribunBengkulu.com is dominated by news that is more supportive of the government. It is very rare for TribunBengkulu.com to publish information that is inconsistent with government information, such as information about people's rejection of the fuel subsidy increase policy. On the other hand, TribunBengkulu.com is playing it safe by reporting plans to increase subsidized fuel prices.

Fossil fuel price policy and sustainability: energy, environment, health and economy

PurposeThis study aims to develop a price policy for fossil fuel consumption, as it is an effective instrument to manage the demand-side of energy economics.Design/methodology/approachThis research estimates the demand elasticities of diesel, gasoline, fuel oil and kerosene by using static, dynamic and error-correction models in log-linear form.FindingsThe findings show that fossil fuel demand responds to price changes less than income changes, as fuel price is inelastic, but income is elastic. In that respect, the impact of price change decreases constantly with increasing energy price, followed by subsidy reform. Subsidy removal and price policy reformation is the UN recommendation for subsidizing countries, including Iran, to reduce fossil fuel consumption, whose intensity depends on the price elasticities.Practical implicationsAs a result of this price policy, diesel, gasoline and liquefied petroleum gas prices should increase at least 1.8%–7.3%, 4.4%–6.4% and 7%–8.6%, respectively, and gradually within 2018–2030. The price policy improves all the pillars of sustainable development, including economy, environment and social (health). Overall, such a target can potentially save 3%–29% of diesel, 34%–56% of gasoline and 15%–20% of liquefied petroleum gas, as well as reduce 15%–40% of CO2 emissions annually, and can save potentially more than 510,000 lives annually. Thus, the energy price policy can fundamentally improve sustainability.Originality/valueThe estimated elasticities outline the required prices to decrease the fossil fuels, according to the UN mitigation targets, as price policy recommendation.Graphical abstract

World oil price impacts on country-specific fuel markets: Evidence of a muted global rebound effect

Given the interconnectedness of global oil markets, significant changes in oil consumption in one country could have a spillover impact on international oil consumption. This concept, often referred to as the global rebound effect, estimates how changes in fuel consumption in an individual country influences world fuel prices and subsequent changes on world fuel consumption. Using monthly retail fuel price and consumption data, we build structural vector autoregressive (SVAR) models for 63 countries, which together represent nearly 70% of global refined oil consumption to examine the issue of the global rebound effect. We break out price and consumption elasticities by fuel type (i.e., gasoline versus diesel) and by fuel price policy groupings (i.e., liberalized/ad-hoc), as well as provide individual country and full sample price and consumption elasticities. We find muted impacts of changes in world crude oil prices on global oil consumption. These results suggest that in the short-run country-specific policies that influence oil consumption may not have significant global rebound effects.

Reaksi Pasar Sebelum dan Sesudah Kenaikan Harga BBM pada Perusahaan yang Listing di Bursa Efek Indonesia (BEI)

Fuel price increase that happened on June 2013 for gasoline and diesel fuel. Fuel price increase policy should taken by goverment in order to decrease hyper subsidy that effected to deficit budget. This research’s aim is to dict the differences market reaction between before and after fuel price increase with measure abnormal return and trading volume activity. Analysis method that use in this research is event study with event period during 21 days by using market adjusted model. The result of this reseacrh with one sample t test are the average abnormal return is significantly positive values around the date of announcement of fuel price increases. The result of this reseacrh with paired sample t-test there are differences in average abnormal return and average trading volume activity significantly before and after the announcement of fuel price increases. It shows that the market reacts to the announcement of fuel price increases.

STUDI PENENTUAN KOMPOSISI OPTIMUM CAMPURAN BAHAN BAKAR BIODIESEL–PETRODIESEL

Biodiesel is a viable substitute for petroleum-based diesel fuel. Its advantages are improved lubricity, higher cetane number and cleaner emission. Biodiesel and its blends with petroleum-based diesel fuel can be used in diesel engines without any signifi cant modifi cations to the engines. Data from the numerous research reports and test programs showed that as the percent of biodiesel in blends increases, emission of hydrocarbons (HC), carbon monoxide (CO), and particulate matter (PM) all decrease, but the amount of oxides of nitrogen (NOx) and fuel consumption is tend to increase. The most signifi cant hurdle for broader commercialization of biodiesel is its cost. In current fuel price policy in Indonesia (especially fuel for transportation), the higher percent of biodiesel in blend will increase the price of blends fuel. The objective of this study is to assess the optimum blends of biodiesel with petroleum-based diesel fuel from the technically and economically consideration. The study result recommends that 20% biodiesel blend with 80% petroleum-based diesel fuel (B20) is the optimum blend for unmodifi ed diesel engine uses.Keywords: biodiesel, emission, optimum, blend

Determinant of Fuel Consumption in Indonesia

Fuel consumption in Indonesia is increasing due to rising incomes, the number of motor vehicles in Indonesia. The purpose of this study was to determine the effect of fuel price policy, motor vehicles (motorcycles), per capita income on the consumption of fuel (Premium). The object of this study is the fuel consumption in the Republic of Indonesia period 1985-2014. The design of this research study with a quantitative approach. Analyzed using Multiple Linear Regression Ordinary Least Square method (OLS). Based on the results of this study concluded that the pricing policies have a significant effect on the consumption of premium, per capita income has positive influence on consumption of premium, the number of motorcycles positive effect on premium consumption, as well as fuel prices, per capita income, and the number of motorcycles simultaneously positive effect on consumption of premium.

How much can CO2 emissions be reduced if fossil fuel subsidies are removed?

This paper analyzes consumers' price elasticities of demand for fossil fuels, and how a reduction of fossil fuel subsidies can lead to important reduction in CO2 emissions for various groups of countries that have relatively high fossil fuel subsidies and notably on diesel, including countries in the Middle East and North Africa (MENA). These countries continue to maintain significant levels of fuel subsidies, with Iran and Saudi Arabia being the largest contributors to CO2 emissions. This paper illustrates that fuel price policy reforms by these countries would be an important instrument for both climate and economic policies. We estimate that a reduction in subsidies to both gasoline and diesel by about 20 US$ cents per liter will lead to significant decreases in CO2 emissions, both in the MENA region and globally. In Iran, for example, the reductions could be up to 90% and 50% of current emissions generated from diesel and gasoline consumption, respectively, and for Saudi Arabia, approximately 70% and 40%, respectively.

Density and Scale Economies in the Public Road Transport: Empirical Evidence for Tunisia

This paper examines economies of scale and density in road transport. This study seeks to broaden the knowledge in the impact of the economies of scale and density drawn in and by the road transport sector in Tunisia. This investigation aims to not only grasp the possibility of a substitutability of the production factors used but also highlight the importance of the global productivity achieved in the operation of means of transport for the users and the community. The investigation of the 12 road transport companies in Tunisia reveals the existence of a homogeneity in the total production of these companies which vary with the size of the networks, the number of stops, and the number of employees, although it exists a strong heterogeneity concerning. This study shows the importance of enhancing a number of policies recommendations for the Tunisian road transport system through the joint improvement of the road infrastructure policy, of the fuel price policy, and of the fuel-efficient road vehicle policy in order to maintain sustainable road transport network.

International comparisons of energy and environmental efficiency in the road transport sector

The present work provides an international comparison of the energy intensity and the carbon dioxide intensity in road transport for a group of 90 countries over the period 1980–2012. This paper attempts to perform a comparative analysis to find the most appropriate mapping of the energy performance in road transport taking into account the three dimensions of sustainable energy development, namely road transport-related energy consumption, economic growth and carbon dioxide emissions. An important result of the study is the inverse relationship between energy efficiency and environmental efficiency. Through the calculated Theil coefficient, our empirical findings highlight the existence of spatial and temporal disparities between countries. In 2012, Tunisia occupies the 48th and the 38th rank respectively in terms of energy and environmental efficiency. Based on a general index of energy performance in the road transport sector, it is deemed to have a medium–high energy performance by occupying the 34th rank. The study shows the importance of enhancing a number of policies for the road transport system through the joint improvement of the fuel price policy, of the road infrastructure policy and of the fuel-efficient road vehicles policy, in order to maintain sustainable energy road transport.

Short-term impact analysis of fuel price policy change on travel demand in Malaysian cities

Malaysia is one of the few countries in the world that provides a fuel subsidy to consumers. Due to the recent economic crisis, the Malaysian Government decided to revise its fuel subsidization policy from a fixed price subsidy to a floating price subsidy dependent on global oil demand. Recognizing that the change in fuel subsidization policy can have an impact on travel behavior, this article investigates the short-term impact of the policy change on private and public transportation in the Klang Valley region of Malaysia. Spectral analyses are performed to investigate if the policy change has an impact on private vehicle travel demand, measured in terms of road traffic, and short-term travel demand elasticity with respect to fuel price is estimated. To measure the impact on the public transportation system, the demand cross-elasticity values of rail transit and buses are also estimated. It was found that traffic flow reduces with an increase in fuel price, although elasticity and cross-elasticity values obtained are low. The article finds that there is a potential mode shift from private vehicles to rail transit with increasing fuel price. It is demonstrated that reducing fuel price subsidy can be an effective travel demand management strategy to alleviate congestion.

Mozambique: First Review Under the Policy Support Instrument and Request for Modification of Assessment Criteria-Staff Report; and Press Release

Mozambique continues to show a strong economic performance. The inflation expectations require a tightening of the macroeconomic policy mix. Executive Directors commended the role of government in sustaining economic growth by accelerating the public investment program. Engaging development partners and civil society to make the growth strategy more inclusive and allowing Mozambicans to participate in economic growth and the determination in fighting inflation is welcome. The fuel price policy has contributed to substantial costs to Mozambique’s fiscal and external accounts, and poses future risks.

The Impact of the Fuel Price Policy on the Demand for Diesel Passenger Cars in Korean Cities

This study forecasts the impact of fuel price policy on the diesel car demand after the permission of domestic sales, using a conjoint analysis based on the stated preference survey from 500 respondents in Seoul and 324 respondents in Ulsan, Korea. The estimation results show that the fuel price elasticity is -0.631 and -0.645 for diesel cars in Seoul and Ulsan, respectively and the elasticity of purchase price are -1.332 and -1.058 for diesel cars in Seoul and Ulsan, respectively. The estimates of the diesel price elasticity indicate that the government planned fuel policy increasing diesel price from the current 70% to 85% of petrol price will decrease the demand for diesel cars by 13.8% to 23.4% when the petrol price is kept at the current price. The estimate of the purchase price elasticity denotes that the obligation of pollutantreducing equipment on diesel cars (about 10% of the sales price) will reduce the demand for diesel cars by 13.3% to 14.7%.