A new increase in fuel prices due to the Special Consumption Tax (SCT) is expected with the arrival of November. The new phase of the gradual SCT increase, which was tied to a schedule by Presidential Decree, is projected to take effect on November 1.
According to information provided by industry sources, if the increase is reflected at the pump, a price hike of 4.15 TL including VAT is expected for a liter of gasoline, and 3.60 TL for a liter of diesel. There are also claims of a 9 TL increase for LPG.
It is stated that if the regulation, which has not yet been made official, is implemented, the liter price of LPG will exceed 50 TL in many major cities. It is calculated that the liter price of diesel, which is at the 96.90 TL level in Istanbul, could rise to 100.50 TL.
A similar threshold could be crossed for gasoline as well. The current liter price of 76.30 TL is expected to rise to 80.45 TL with the 4.15 TL increase. If the increases are finalized, the new prices are expected to be reflected at the pump as of November 1.
News Source: 12punto
