Expectation of price cuts for gasoline and diesel
The decline in global oil prices is reflecting on fuel prices in Turkey. A price cut of 3 TL for gasoline on November 12 and 4 TL for diesel on November 14 is anticipated.
Price drops in global oil markets have brought about expectations of a reduction in fuel prices in Turkey.
Expectations that military tensions between the US and Iran may ease have exerted downward pressure on global oil prices. According to information obtained from industry sources, a reduction of approximately 3 TL per liter for gasoline is expected starting Thursday, November 12, and a reduction of approximately 4 TL per liter for diesel is expected starting Saturday, November 14.
If the price cuts are implemented, the price per liter of gasoline on the European side of Istanbul is projected to fall from 74.60 TL to 71.60 TL, and diesel from 95.20 TL to 91.20 TL. Similar rates of decline are estimated for Ankara and Izmir. Assessment: Final discount amounts have not yet been finalized as they depend on instantaneous changes in global markets.
Sources
- cumhuriyet.com.tr · Link