Major increase in diesel prices: A hike of 8.24 TL per liter is expected
Driven by geopolitical developments, rising oil prices have brought a major fuel cost hike to the agenda, with an anticipated increase of 8.24 TL per liter for diesel.
As geopolitical tensions drive up oil prices, a new surge in fuel costs in Turkey is expected. According to received information, an increase of 8.24 TL is anticipated for the liter price of diesel.
Effects of the Increase in Oil Prices
The rise of global oil prices due to geopolitical tensions has reinforced expectations of a new jump in fuel costs in Turkey. The rise in Brent crude points to the agenda of new hikes in gasoline and diesel prices.
Rate and Timing of the Expected Hike
According to information obtained from industry sources, a price increase of 8.24 TL is expected on the liter price of diesel. The price hike is projected to be reflected at the pump prices on the night connecting Thursday, September 3, to Friday, September 4.
Amount to be Reflected on Tank Costs
This expected hike means an increase of approximately 10 percent in the diesel liter price in a single night. If the 8.24 TL hike is reflected at the pump, the filling cost of a 50-liter vehicle tank will increase by 412 TL.
New Price Levels in Metropolitan Cities
Following the expected hike, the liter price of diesel is expected to reach 89.38 TL on the European Side of Istanbul and 89.28 TL on the Asian Side of Istanbul. In Ankara and İzmir, the diesel liter price is estimated to exceed the 90 TL threshold, rising to 90.73 TL and 90.71 TL, respectively.