How to calculate impact of oil price on the economy – energy tax, deficit, exchange rate, inflation

October 18th, 2009 11 Comments   Posted in Demand & Pricing, Energy Supply

Philippine Energy Pricing and Impact Analysis

By: Marcial T. Ocampo

Energy & Project Development Consultant

RATIONALE

The surging oil & gas energy prices in the world and domestic market, mainly driven by steep increase in the market price of the widely traded Dubai crude has resulted in serious consequences for the end consumer and the country – rising domestic fuel and electricity prices, surging food prices, higher transport fares and consequently higher inflation, depreciating peso, lower economic growth rate and greater risk of higher budget deficit. More »