<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The study analyses the role of the petroleum pump price on the consumer price index in Nigeria, using the Nonlinear Autoregressive distributive lag method was used to estimate the time-series data, spanning from 1980 to 2020. The study reveals a long-run equilibrium was found between the consumer price index and petroleum pump price measures. The empirical results obtained revealed an asymmetric relationship between the petroleum pump price and the consumer price index in Nigeria. The study recommended that the policymakers should transparently commit resources into rehabilitation and maintenance of domestic refineries to enhance their functionality and as well reduce importation cost to curtail frequent petroleum pump price adjustment that spiral domestic inflation.</p>
</abstract>

The study analyses the role of the petroleum pump price on the consumer price index in Nigeria, using the Nonlinear Autoregressive distributive lag method was used to estimate the time-series data, spanning from 1980 to 2020. The study reveals a long-run equilibrium was found between the consumer price index and petroleum pump price measures. The empirical results obtained revealed an asymmetric relationship between the petroleum pump price and the consumer price index in Nigeria. The study recommended that the policymakers should transparently commit resources into rehabilitation and maintenance of domestic refineries to enhance their functionality and as well reduce importation cost to curtail frequent petroleum pump price adjustment that spiral domestic inflation.

Petroleum Pump Price Swing and Consumer Price Index Nexus in Nigeria: New Evidence from NARDL

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution 4.0 International License.

The study analyses the role of the petroleum pump price on the consumer price index in Nigeria, using the Nonlinear Autoregressive distributive lag method was...

Petroleum Pump Price Swing and Consumer Price Index Nexus in Nigeria: New Evidence from NARDL

Published Online: May 21, 2021

Page range: 64 - 79

Received: Jan 01, 2021

Accepted: Feb 01, 2021

DOI: https://doi.org/10.2478/sues-2021-0009

Keywords
Consumer price index, NARDL, Petroleum pump price

© 2021 Musa Abdullahi Sakanko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Petroleum Pump Price Swing and Consumer Price Index Nexus in Nigeria: New Evidence from NARDL

Published Online: May 21, 2021

Page range: 64 - 79

Received: Jan 01, 2021

Accepted: Feb 01, 2021

DOI: https://doi.org/10.2478/sues-2021-0009

KeywordsConsumer price index, NARDL, Petroleum pump price

© 2021 Musa Abdullahi Sakanko et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Consumer price index, NARDL, Petroleum pump price