New hike in diesel: Increase exceeds 12 liras in two weeks

The rise in oil prices has been reflected in fuel price boards as a new hike. As of July 21, the price of a liter of diesel was increased by 1 lira and 12 kurus. Thus, the total increase recorded in fuel products over the last two weeks has reached 12.01 liras.

Since the first half of July, there have been consecutive increases in diesel and gasoline prices. Diesel was hiked by 1 lira and 31 kurus on July 7, and by 3 liras and 8 kurus on July 10. On July 15, the price of a liter of gasoline increased by 1 lira and 60 kurus, while on July 17, diesel saw a hike of 3 liras and 90 kurus, and gasoline saw a hike of 1 lira.

CURRENT FUEL PRICES

Following the latest hike, diesel prices in major cities ranged between 73 and 75 liras. While the price of a liter of diesel exceeded 74 liras in Ankara and İzmir, it was listed at 73.13 liras on the European side of Istanbul and 72.98 liras on the Anatolian side.

In Turkey, when determining fuel prices, the SCT (Special Consumption Tax) and EMRA (Energy Market Regulatory Authority) share are added to the duty-free refinery price, and then the refinery sales price excluding VAT is formed. The calculation of the duty-free refinery price follows the daily CIF Mediterranean product prices in the Mediterranean-Italian market and the dollar exchange rate.

News Source: 12punto