Current Developments in Fuel Prices
Ongoing fluctuations in exchange rates and Brent oil prices continue to directly affect fuel prices. According to the information provided by industry analysts, it is expected that there will be an increase of 1 lira 64 kurus for gasoline and 1 lira 63 kurus for diesel prices, effective as of Friday, June 21. In Istanbul, the liter price of diesel is sold at 40.67 lira, while the liter of gasoline is sold at 40.3 lira.
Calculation of Fuel Prices
While fuel prices are determined in Turkey, the refinery sales price excluding VAT is calculated by adding SCT and EMRA shares to the duty-free refinery price. While calculating the duty-free refinery price, the duty-free refinery ceiling sales price is determined based on a certain price change difference by following the daily CIF Mediterranean product prices published in the Mediterranean-Italian market and the daily dollar exchange rate.
