Fuel price cut was short-lived! Diesel hike on the way

Global oil prices have begun to rise again following tough messages from US President Donald Trump toward Iran. Following last week's 5.52 TL price cut, a 1 lira 10 kuruş increase in diesel prices is expected starting at midnight tonight.

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Fuel price cut was short-lived! Diesel hike on the way

As tensions between the US and Iran continue to impact energy markets, expectations for a new rise in fuel prices have emerged. The drop in oil prices last week, driven by strengthening hopes for a diplomatic solution between the parties, had been reflected at the pump as a price cut. However, this period was short-lived.

Tensions in the markets rose again following harsh statements made by US President Donald Trump regarding Iran. Following the upward movement in oil prices, expectations of a price hike in the fuel sector have come to the fore.

Journalist Olcay Aydilek stated in a post on his social media account, "A hike in diesel is on the horizon. 1 TL 10 kuruş at midnight tonight."

Accordingly, a price hike for diesel is expected as of tonight.