prince-wj
Every wednesday we wake up with new price list for fuel, published by Power ministery.
I tried to do some search to find out the way they calculate the prices and based on which index of fuel oil rate (Crude, Opec, US...), without any positive result.
Does anybody have an idea about it??
rtp
Prince WJ wroteEvery wednesday we wake up with new price list for fuel, published by Power ministery.
I tried to do some search to find out the way they calculate the prices and based on which index of fuel oil rate (Crude, Opec, US...), without any positive result.
Does anybody have an idea about it??
I think it more depends on how much they spent money on the weekend :P
xterm
Prince WJ,
it would be great if you can come up with some data in a spreadsheet that we can plot.
proners
xterm wrotePrince WJ,
it would be great if you can come up with some data in a spreadsheet that we can plot.
yup great idea, i also find it useful to also have a parallel representation of petrol prices...
prince-wj
proners wrotexterm wrotePrince WJ,
it would be great if you can come up with some data in a spreadsheet that we can plot.
yup great idea, i also find it useful to also have a parallel representation of petrol prices...
Actualy this is what Im looking for too ;)
xterm
It would actually be awesome, shows you whether it's consistent!
xazbrat
I sort of looked at this--no is no clear correlation between how much fuel prices go up or down and the spot prices of oil and gas. There is a very general trend, but what I have yet to figure out is the date and index are being used. Sometime the price of oil will drop on a Tuesday, but prices are higher on Wednesday. Also, when prices are lower, the swings, especially down, are much less pronounced.
I am sure there is some method to the madness and it would be interesting if someone could figure it out, or better yet, call the minister's office and see if they will share the information. :)
xterm
xazbrat wroteI sort of looked at this--no is no clear correlation between how much fuel prices go up or down and the spot prices of oil and gas. There is a very general trend, but what I have yet to figure out is the date and index are being used. Sometime the price of oil will drop on a Tuesday, but prices are higher on Wednesday. Also, when prices are lower, the swings, especially down, are much less pronounced.
I am sure there is some method to the madness and it would be interesting if someone could figure it out, or better yet, call the minister's office and see if they will share the information. :)
The trick here is not to get the actual "equation" if such a thing exist. We should be looking at it from a consumer perspective.
Joe
Moved the topic to the programming section, so we can properly work on that thing.
Has anyone ever started collecting data. Is there a website that traces the history?
Can we start collecting? What's the price today?
What are the indicators you want to look at?
xazbrat
rahmu wroteMoved the topic to the programming section, so we can properly work on that thing.
Has anyone ever started collecting data. Is there a website that traces the history?
Can we start collecting? What's the price today?
What are the indicators you want to look at?
Here are the weekly prices from the ministry dating back a few years--
http://www.energyandwater.gov.lb/pages.asp?Page_ID=44 I'll add an edit for spot prices for oil and gas.
Edit: And as promised, world spot oil prices
http://205.254.135.24/dnav/pet/pet_pri_wco_k_w.htm
xterm
I think first thing's first, we should start with a simple data
Fuel Global - (Week, Price Per Tank)
Fuel Lebanon - (Week, Price Per Tank)
and we start adding from there.
xazbrat
xterm wroteI think first thing's first, we should start with a simple data
Fuel Global - (Week, Price Per Tank)
Fuel Lebanon - (Week, Price Per Tank)
and we start adding from there.
Usually what is used is some index--it won't be global, most like regional. I did some work for an oil distributor outside of Sacramento and they used an index from OPIS San Francisco pricing plus a predetermined margin to determine pricing. Basically find the index, and the rest should be easy.
rolf
Fuel price and internet/telecommunication price are some of the major ways the government use to collect money. I think it depends on a lot of things, the international fluctuations of the fuel price is just one of them, maybe a minor one.
But don't let that stop you from examining it. Maybe they use a simple formula or schedule, like they use for electricity distribution. Maybe the margins also change from year to year depending on the budget.
prince-wj
A point to add in the calculation exercise:
The ministery used to state that the list of price is based on the marked price of 4 weeks before.
but the question is: what price 4 weeks ago? is it the US barrel, crude, Opec, and which price, the closing price of that date, or the average price?
prince-wj
9530 ليرة
هي قيمة الرسم الثابت المفروض على كل صفيحة بنزين ، بناء على قرار،
مجلس الوزراء رقم 9/ 2009
ahk40a
Regarding the prices of Fuel in lebanon, it depends on the international Prices for before three months. The price and contract that happens todays is for 3 months from date. The call it:"العقود الآجلة" so basically the prices today are for agreements made from three months period!
Hope this answer satisfies your question.
ahk40a
Prince WJ wrote9530 ليرة
هي قيمة الرسم الثابت المفروض على كل صفيحة بنزين ، بناء على قرار،
مجلس الوزراء رقم 9/ 2009
This has changed in the previous government they reduced it by 5,000 L.L.
xazbrat
When you look to analyze trends, you can ignore the tax part unless there are significant changes like the reduction. Over a period of years, if there is a pattern, you should be able to find the correlation and ignore extraneous data which may be attributable to other factors.