The present paper investigates whether Greek gasoline prices respond symmetrically to changes in international oil … gasoline prices to international oil price changes turns out to be asymmetric. This finding shows that the suppliers of … gasoline tend to reduce their retail prices slowly when international oil prices fall, but increase them faster when …

The purpose of the present paper is to test for asymmetry in the Greek retail gasoline price adjustments to crude oil … price changes for the period January 2005-July 2012.The empirical analysis provides evidence that the adjustment of gasoline … gasoline prices when crude oil prices fall, but rush to increase them when crude oil prices rise, in an effort to maximise …