Investigation of the Relationship Between Fuel Prices and Fuel Consumption in Turkey
Journal: International Journal of Energy Economics and Policy
Year: 2022

This study investigates the impact of fuel price changes on fuel demand in Turkey. The rise in global oil prices since the fourth quarter of 2021 has resulted in considerable increases in oil prices in countries that rely on foreign oil consumption. With the devaluation of the Turkish lira beginning the fourth quarter of 2021, the rise in oil prices reached a historical high in a very short period of time. This situation necessitates the presentation of a recent empirical study to the literature