Investigating the relationship between oil prices and exchange rates on the price of petroleum products in oil-importing countries

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Abstract:

One of the global economic crisis is the price fluctuations of oil.Crude oil prices and exchange rates are two important factors in the oil-importing countries. This study examines the impact of real oil prices and exchange rates on the price of petroleum products in oil-importing countries1 using the data panel method, based on annual data provided by the World Bank site over the period 2000-2014. The results showed that fluctuations in the price of crude oil had a major impact on oil prices in different countries, especially oil importers. There is also a negative relationship between the exchange rate and the price of oil products in oil importing countries, and a positive relationship between oil prices and prices for oil products. 1- America, Japan, Italy, India, France, Canada, Thailand, Turkey, Brazil, Australia, Sweden, Indonesia, Netherlands, Portugal and Israel

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Journal title

volume 2  issue 7

pages  135- 154

publication date 2018-12

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