Expected Historic Increase in Diesel Prices
Due to developments in global markets and geopolitical risks, a significant increase in diesel prices is projected to be reflected on Tuesday.
According to information obtained from industry sources, a large price increase in the diesel group is expected on Tuesday in line with Friday's market closing values. This situation will push liter prices upward.
Expectation of Price Increase
Industry sources stated that based on Friday's market closing values, a hike of 6 TL 62 kuruş is in question for diesel on Tuesday. The statement emphasized that with this increase, the price of a liter of diesel will approach 100 TL and break all-time records.
Applicable Formulas
Sources stated that it is not yet clear whether a new SCT (Special Consumption Tax) adjustment will be made on diesel or whether a portion of the hike will be covered by the SCT. It was reported that the implementation will become clear by 16:00 on Monday.
Effects in Global Markets
It is stated that the main reason behind the hike is the rise in global markets and geopolitical risks. Attacks targeting energy facilities and critical maritime transport routes in the Middle East have increased concerns regarding oil supply.
Oil and Fuel Prices
The ongoing tension created upward pressure on Brent crude and US West Texas intermediate crude prices. While Brent crude surpassed 100 dollars and traded around the 104-105 dollar levels, the metric ton price of diesel also rose up to 1,520 dollars before dropping to 1,479 dollars.