The effect of petroleum prices on the cement sector

Oil as an energy source is of great importance for growing economies. Countries that both import and export oil follow closely the international agenda of oil. Many countries determine their strategic plans according to this agenda. Fluctuating oil prices are of great importance for countries that import petroleum, especially with growing economies. Increasing oil demand with the growing economy makes countries more dependent on oil. Turkey is one of these countries. In an increasing energy need, the oil has a great percentage. In almost every manufacturing industry, oil is used directly or indirectly. In this thesis, it is aimed to investigate the effect of oil prices on the cement sector, which has an important place in the Turkish economy. Oil prices have been broken in large rate from time to time. This large fracture makes the effects more visible to the sectors. The biggest cost in the cement sector is the fuel and approximately 70% of the fuel used in the sector is petroleum. In the cement sector, profitability ratios of the cement companies in the Public Disclosure Platform were calculated and compared with the oil prices according to years. In the light of the analyzes, fluctuating oil prices were found to have a significant effect on the profitability ratios of companies in the cement sector.