We analyze the effect of the COVID-19 outbreak on volatility dynamics of the Turkish diesel market. We observe that a high volatility pattern starts around mid-April, 2020 and reaches its peak on 24/05/2020. This is due to the government imposed weekend curfews and bans on intercity travels. Two policy suggestions are provided. First is a temporary rearrangement of profit margins of dealers and liquid fuel distributors; and, second is a temporary tax regulation to compensate lost tax revenue.
CITATION STYLE
Ertuğrul, H. M., Güngör, B. O., & Soytaş, U. (2020). The Effect of the COVID-19 Outbreak on the Turkish Diesel Consumption Volatility Dynamics. Energy Research Letters, 1(3). https://doi.org/10.46557/001c.17496
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