Diesel prices spike in Turkey following surge in oil prices
Amid the escalation of the conflict between the US, Israel, and Iran and a sharp rise in global oil prices, diesel fuel has become significantly more expensive in Turkey.
Following the closure of the Strait of Hormuz, through which a significant portion of the world's oil supply passes, quotes reached levels the market has not seen for a long time. This directly impacted fuel prices.
Starting tomorrow, a liter of diesel will increase by 6.69 Turkish Liras.
The increase amounts to approximately 10.5%.
Expected prices:
- Istanbul — about 67.09 Lira
- Ankara — about 68.19 Lira
- Izmir — about 68.46 Lira
- In eastern provinces (Şırnak, Bitlis, Bingöl) — up to 70 Lira per liter
Experts do not rule out further market volatility depending on the development of the situation in the Middle East.
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