Major discount on diesel: Istanbul, Ankara and İzmir prices
A discount of 5.36 TL per liter of diesel took effect as of midnight.
Following developments in the international oil market, a 5.36 TL discount was applied to diesel as of midnight on August 27, and current fuel pump prices in major cities were recalculated.
Latest Status in Oil Markets
Following talks between Iran and Oman that raised hopes for the reopening of the Strait of Hormuz, a decline was observed in global oil prices on Thursday.
Strategic Waterway and Supply Developments
While it was announced that an agreement had been reached regarding the use of the Strait of Hormuz, it was noted that shipments in the region remained well below normal levels due to post-war restrictions.
Discount on Diesel Prices
Following global fluctuations and market movements, a 5.36 TL discount was implemented on the diesel group effective from midnight on August 27.
Istanbul Fuel Prices
On the European side of Istanbul, gasoline is sold at 74.26 TL, diesel at 77.43 TL, and LPG at 33.79 TL; while on the Asian side, gasoline is 74.11 TL, diesel is 77.27 TL, and LPG is 33.19 TL.
Ankara and İzmir Prices
In Ankara, the liter price of gasoline was set at 75.23 TL, diesel at 78.53 TL, and LPG at 33.89 TL; whereas in İzmir, gasoline stood at 75.53 TL, diesel at 78.83 TL, and LPG at 33.79 TL.
Method of Determining Prices
Fuel pump prices in Turkey are calculated based on refined and distribution company costs, taking into account processed product averages in the Mediterranean market and foreign exchange rate fluctuations.