Current Status of Fuel Prices Fluctuations in global oil markets have kept the liter prices of gasoline, diesel, and LPG stable as of February 23.
However, according to information from industry representatives, a significant price increase is on the horizon for diesel users.
Expected Price Increase in the Diesel Group Industry sources report that an increase of 2.40 TL is expected for the diesel group, effective from midnight on February 24.
No price changes are currently anticipated for gasoline and LPG.
If this increase takes effect, diesel prices will approach the 60 TL threshold in major cities.
Current Pump Prices as of February 23 The current fuel pump prices in Turkey's three largest provinces as of February 23 are as follows: Istanbul: On the European side, gasoline is 57.17 TL, diesel is 57.89 TL, and LPG is 30.29 TL.
On the Anatolian side, gasoline is 57.00 TL, diesel is 57.74 TL, and LPG is 29.69 TL.
Ankara: Gasoline is 58.10 TL per liter, diesel is 59.02 TL, and LPG is 30.17 TL.
Izmir: Gasoline is 58.37 TL, diesel is 59.30 TL, and LPG is 30.09 TL.
How Are Fuel Prices Calculated?
Fuel prices in Turkey are calculated by adding Special Consumption Tax (SCT/ÖTV) and the Energy Market Regulatory Authority (EPDK) share to the duty-free refinery price.
The duty-free refinery price is determined by monitoring daily CIF Mediterranean product prices published in the Mediterranean-Italian market and the daily dollar exchange rate to establish a ceiling sales price.
Prices applied by distribution companies may show minor variations across companies and cities due to competition and free market conditions.
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Fuel Price Fluctuations: 2.40 TL Hike Expected for Diesel
Fluctuations in global oil prices and exchange rates are set to drive fuel prices higher, with a projected 2.40 TL increase for diesel starting February 24.
Sources
- Sabah · baglanti