Fuel expected to increase by 3 lira 90 kuruş and gasoline by 1 lira on Friday
Key Points
- 1. No fuel price increase at midnight tonight due to 15 July being an official holiday.
- 2. On Friday, diesel is expected to increase by 3 lira 90 kuruş and gasoline by 1 lira.
- 3. Brent crude oil rising to 85 dollars and regional tensions are the reasons for the hike.
- 4. A price increase of 1 lira 55 kuruş had been applied to gasoline effective today.
By the Numbers
The dates for the upcoming fuel price hikes in Türkiye have been clarified. Sector sources announced that there will be no price increase at midnight tonight due to 15 July Democracy and National Unity Day being an official holiday and the markets being closed. Instead, the calculated hike is expected to be reflected at the pump on Friday.
According to the anticipated hikes effective on Friday, 3 lira 90 kuruş will be added to the price of diesel, and 1 lira to gasoline. This increase is based on fluctuations in global energy markets and regional tensions. The war between the USA and Iran, the tension in the Strait of Hormuz, and Russia's diesel export ban have increased the upward pressure on fuel prices.
In international markets, Brent crude is currently trading at 85 dollars, after dropping to 72 dollars following the ceasefire between the USA and Iran. Additionally, the metric ton price of diesel has increased by 160 dollars in the last few days. These global price increases are directly reflected in national fuel costs.
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Frequently Asked Questions
- S: When will the fuel price increase occur?
- C: Since 15 July is an official holiday, there will be no increase at midnight tonight; the hike is expected to be reflected in pump prices on Friday.
- S: How much will the upcoming fuel increase be?
- C: With the tariff expected to be effective on Friday, a hike of 3 lira 90 kuruş for diesel and 1 lira for gasoline is planned.
- S: Why are fuel prices increasing?
- C: International global developments such as the USA-Iran tension, the situation in the Strait of Hormuz, and Russia's diesel export ban are triggering price increases.
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