The Effects of Oil Price Hikes on Tricycle Drivers’ Buying Behavior in Maasim, Sarangani Province

Registration ID: IJNRD_221217

Published ID: IJNRD2405448

DOI: Click Here to Get

Mariel G. Villanueva , Tito B. Cagang, Jr. , Ketchie N. Acapulco , Heaven Enrico Luis T. Bada , Sheniz Breyneer G. Jabilles

effects of oil price increase, buying behavior.

This study examined the impact of oil price increases on tricycle drivers' purchasing behavior and identified their coping mechanisms. Using a mixed-method approach, 45 respondents and 5 informants were selected through purposive sampling. The majority of respondents were aged 38 to 47, with a monthly income of Php. 2,001 to Php. 5,000, and reported consuming oil twice a day with a weekly average expenditure of Php. 1,001 to Php. 2,000. The result of the ANOVA shows that there is a statistically significant difference in the effects of oil price hikes on the driver-respondents’ buying behavior when grouped according to the weekly average amount of oil consumption. On the other hand, the informants disclosed that the coping strategies that helped them mitigate the effects of oil price hikes were frugal travel and lifestyle adjustments.

Published Paper   E-Certificate

Mariel G. Villanueva, Tito B. Cagang, Jr., Ketchie N. Acapulco, Heaven Enrico Luis T. Bada, & Sheniz Breyneer G. Jabilles (May-2024). The Effects of Oil Price Hikes on Tricycle Drivers’ Buying Behavior in Maasim, Sarangani Province. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(5), e403-e414. https://ijnrd.org/papers/IJNRD2405448.pdf

Volume 9 Issue 5, May-2024

Pages : e403-e414

Paper Reg. ID: IJNRD_221217

Published Paper Id: IJNRD2405448

Downloads: 000122039

Research Area: Management

Country: GENERAL SANTOS CITY (DADIANGAS), SOUTH COTABATO, Philippines

Published Paper PDF: https://ijnrd.org/papers/IJNRD2405448.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2405448

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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