New 'massive hike' claim for diesel prices: Fuel price stabilization margin exhausted

Disruptions in the Strait of Hormuz, one of the key transit routes for global oil supply, continue to drive up international oil prices. This situation is also being reflected in fuel prices in Turkey.

According to information obtained from industry sources, a new increase is expected following yesterday's 5 lira and 18 kuruş hike in diesel. Due to the rise in crude oil and international product prices, a hike of over 6 lira is projected for diesel. Because the margin in the fuel price stabilization system for the diesel group has been exhausted, the entire upcoming hike will be reflected directly in pump prices.

PARTIAL SUBSIDY CONTINUES FOR GASOLINE

It is stated that a hike of 1 lira and 30 kuruş is expected for the gasoline group. Since the fuel price stabilization margin for the gasoline group has not yet been exhausted, 75 percent of this hike will be covered by the Special Consumption Tax (ÖTV). Thus, the portion of the 1.30 lira cost increase that will be reflected to the consumer will be 32 kuruş.

$180 WARNING FROM EXPERTS

According to energy market experts, the barrel price of Brent crude oil is currently hovering around $110. It is projected that if the war continues until the end of April, oil prices could rise to as high as $180.

DIESEL TO EXCEED 72 TL

As of March 20, 2026, the average gasoline price across Turkey is between 62.00-63.99 TL, while the diesel price is at the 65.90 TL level. In Istanbul, gasoline is 62.00 TL and diesel is 65.85 TL; in Ankara, gasoline is 62.97 TL and diesel is 66.00 TL. Following the expected hikes, diesel prices are projected to exceed 72 lira.

News Source: 12punto