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DOI	10.1016/j.enpol.2021.112148
	Estimation of gross refining margin of Indian petroleum refineries using Driscoll-Kraay standard error estimator
	Joshi J.M.; Dalei N.N.; Mehta P.
发表日期	2021
ISSN	03014215
卷号	150
英文摘要	The prudent combination of technological, economic, and other factors can enhance the performance of any manufacturing unit. Indian petroleum refineries are no exception to this. In this background, an effort has been made to estimate the gross refining margin using the Fixed Effect and Random Effect Models as well as the Models of White, Rogers, and Driscoll-Kraay standard error Estimators for seven Indian refineries for the period between 2008–09 and 2018–19. The study found that complexity, specific energy consumption, and distillate yield significantly and positively influenced gross refining margin, whereas refinery fuel & loss (loss due to evaporation, flaring, and seepage and chemical losses) and heavy yield significantly and negatively influenced it. The study recommends that Indian refiners should invest more in secondary process units as well as advanced technology to enhance the complexity and distillate yield in order to increase the gross refining margin. They should adopt waste heat recovery, flare gas recovery, and other best operating practices in order to reduce fuel and loss of refinery to increase the gross refining margin. Therefore, policies to optimize the utilization of resources through technological intervention and investment will certainly enhance the gross refining margin of Indian refineries. © 2021 Elsevier Ltd
关键词	Driscoll-Kraay standard error Gross refining margin Panel data analysis Refinery complexity Specific energy consumption
英文关键词	Energy utilization; Gasoline; Investments; Random processes; Waste heat; Waste heat utilization; Advanced technology; Flare gas recoveries; Manufacturing units; Operating practices; Random-effect models; Secondary process; Specific energy consumption; Utilization of resources; Petroleum refineries; energy use; error analysis; estimation method; panel data; India
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205176
作者单位	University of Petroleum and Energy Studies, School of Business, Department of Energy Management, Kandoli Campus, Knowledge Acres, Dehradun, 248007, India; University of Petroleum and Energy Studies, School of Business, Centre for Energy, Environment and Sustainability Studies, Department of Economics and International Business, Kandoli Campus, Knowledge Acres, Dehradun, 248007, India; Essar Power Gujarat Limited, Department of Health, Safety, Environment and Fire, Jamnagar, 361305, India
推荐引用方式 GB/T 7714	Joshi J.M.,Dalei N.N.,Mehta P.. Estimation of gross refining margin of Indian petroleum refineries using Driscoll-Kraay standard error estimator[J],2021,150.
APA	Joshi J.M.,Dalei N.N.,&Mehta P..(2021).Estimation of gross refining margin of Indian petroleum refineries using Driscoll-Kraay standard error estimator.Energy Policy,150.
MLA	Joshi J.M.,et al."Estimation of gross refining margin of Indian petroleum refineries using Driscoll-Kraay standard error estimator".Energy Policy 150(2021).