Economy in Turkey:  Hike in gasoline and diesel prices due to increase in VAT  

After the increase in Value Added Tax (VAT), an average increase of 45 kurus per liter of gasoline and 43 kurus per liter of diesel fuel will be in effect. With the increase of the VAT rate on fuel oil from 18 percent to 20 percent, an increase came to gasoline and diesel prices.

Effective from today, an average increase of 45 krs per liter of gasoline and 43 krs per liter of diesel fuel has been received.

With the increase, the liter of gasoline increased to 26.66 lira on the European side of Istanbul, 27.11 lira in Ankara, 27.17 lira in Izmir, 27.54 lira in Adana, 27.16 lira in Bursa, and 27.81 lira in Diyarbakir.

The price of a liter of diesel became 25.22 lira on the European side of Istanbul, 25.65 lira in Ankara, 25.81 lira in Izmir, 26.09 lira in Adana, 25.71 lira in Bursa, 26.27 lira in Diyarbakir.