Diesel Price Cut Implemented Following Developments in Global Oil Market
A significant price reduction was implemented in the diesel group following the decline in Brent crude oil. No changes occurred in gasoline and LPG prices.
Fluctuations in global oil markets and the drop of Brent crude to $102 impacted fuel boards. As a result of market movements, a discount of approximately 5.57 lira was made in the diesel category.
Global Markets and Oil Prices
Activity in global oil markets brought fuel prices back to the agenda. With Brent crude falling to $102, updates were made on fuel boards.
Uncertainties surrounding negotiations between the US and Iran continue to exert influence on oil prices.
Strait of Hormuz and Export Steps
Iranian President Masoud Pezeshkian stated that they would not allow free passage through the Strait of Hormuz if sanctions and the US blockade continue.
While these developments increase uncertainty in the markets, Saudi Arabia is taking steps to resume oil exports via the vital East-West pipeline.
Price Cut in Diesel Group
Following these developments, a discount of approximately 5.57 Turkish Lira took place in the diesel group.
It was reported that after this discount, there were no price changes in the gasoline and LPG groups.
Current Prices in Istanbul
According to current fuel prices on the European side of Istanbul, gasoline is sold at 80.40 lira, diesel at 90.90 lira, and LPG at 34.99 lira.
On the Asian side of Istanbul, gasoline is listed on the boards at 80.30 lira, diesel at 90.70 lira, and LPG at 34.40 lira.
Ankara and Izmir Fuel Tariffs
According to the current fuel tariff in Ankara, the price per liter of gasoline is 81.40 lira, diesel is 92 lira, and LPG is 35.09 lira.
In the province of Izmir, gasoline is offered to consumers at 81.70 lira, diesel at 92.30 lira, and LPG at 34.99 lira.