Latest Developments in Fuel Prices
Fluctuations in Brent oil prices and exchange rates continue to affect fuel prices. In recent days, there has been some upsetting news for vehicle owners: gasoline prices have increased as of tonight. While there has been an 85 cent increase in gasoline prices, this price change will be reflected in pump prices as of midnight tonight.
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Current Fuel Prices
Current fuel pump prices are as follows:
- Diesel price per liter in Istanbul: 43.84 TL
- Price per liter of gasoline: 44.56 TL
How Are Fuel Prices Calculated?
When calculating gasoline and diesel prices in Turkey, the following steps are followed:
- The refinery sales price excluding VAT is found by adding the Special Consumption Tax and EMRA share to the duty-free refinery price.
- The duty-free refinery price is calculated by taking into account the daily CIF Mediterranean product prices published in the Mediterranean-Italian market and the daily Dollar exchange rate.
- The duty-free refinery ceiling sales price is obtained with a certain price change difference.
This process plays an important role in determining fuel prices, and prices are closely related to developments in international markets.
