prikaz prve stranice dokumenta Oil price developments and government budget revenues in Croatia
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Oil price developments and government budget revenues in Croatia
Newsletter : an occasional publication of the Institute of Public Finance, 17 (2015), 95; 1-14. https://doi.org/10.3326/nle.2015.95
Sopek, Petar; Škoc, Ivan

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Sopek, P. & Škoc, I. (2015). Oil price developments and government budget revenues in Croatia. Newsletter : an occasional publication of the Institute of Public Finance, 17. (95), 1-14. doi: 10.3326/nle.2015.95

Sopek, Petar and Ivan Škoc. "Oil price developments and government budget revenues in Croatia." Newsletter : an occasional publication of the Institute of Public Finance, vol. 17, no. 95, 2015, pp. 1-14. https://doi.org/10.3326/nle.2015.95

Sopek, Petar and Ivan Škoc. "Oil price developments and government budget revenues in Croatia." Newsletter : an occasional publication of the Institute of Public Finance 17, no. 95 (2015): 1-14. https://doi.org/10.3326/nle.2015.95

Sopek, P. and Škoc, I. (2015) 'Oil price developments and government budget revenues in Croatia', Newsletter : an occasional publication of the Institute of Public Finance, 17(95), pp. 1-14. doi: 10.3326/nle.2015.95

Sopek P, Škoc I. Oil price developments and government budget revenues in Croatia. Newsletter : an occasional publication of the Institute of Public Finance [Internet]. 2015 March 12 [cited 2024 April 14];17(95):1-14. doi: 10.3326/nle.2015.95

P. Sopek and I. Škoc, "Oil price developments and government budget revenues in Croatia", Newsletter : an occasional publication of the Institute of Public Finance, vol. 17, no. 95, pp. 1-14, March 2015. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:242:933489. [Accessed: 14 April 2024]

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Metadata
Title (english)Oil price developments and government budget revenues in Croatia
AuthorPetar Sopek
AuthorIvan Škoc
Author's institutionInstitute of Public Finance
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The crude oil market recorded a significant decline in prices in the second half of 2014, which led to a fall in the retail price of petrol and diesel on the Croatian market as well. In mid-February 2015, Eurosuper 95 came to 9.32 HRK per liter and Eurodiesel to 8.84 HRK. Since then fuel prices have slightly increased, primarily due to the increase of crude oil prices and a stronger HRK/USD exchange rate. Therefore, the average price of petrol on 8 March 2015 was 9.56 HRK/l and 9.01 HRK/l for diesel. Compared to the average retail price from 2014, prices in March 2015 were still on average 10% lower. The analysis shows that lower fuel prices in the long run should not have a negative impact on the revenues of the government budget due to positive price elasticity of demand, the effect of redistribution of revenues from VAT and lower public sector own expenditures.
Languageenglish
Publication typeOther - Popular paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleNewsletter : an occasional publication of the Institute of Public Finance
Numberingvol. 17, no. 95, pp. 1-14
e-ISSN1333-4417
DOIhttps://doi.org/10.3326/nle.2015.95
URN:NBNurn:nbn:hr:242:933489
Publication2015-03-12
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) icon
Created on2021-09-03 12:27:31