Economy in Turkey: New increases on alcohol, cigarette, and fuel prices

The Revenue Administration (GİB) announced updates to the Special Consumption Tax (ÖTV) amounts for fuel, tobacco products, and alcoholic beverages based on the Domestic Producer Price Index (Yİ-ÜFE) announced today.

In the announcement from GİB, it was stated that according to the Special Consumption Tax Law, the ÖTV amounts for fuel and non-fuel petroleum products, alcoholic beverages, and tobacco products were adjusted every six months based on the Yİ-ÜFE.

It was recalled that the ÖTV amounts on these products were increased based on the change rate in the Yİ-ÜFE announced by the Turkish Statistical Institute in January and July, effective from the day of the announcement.

Before the update, the following ÖTV amounts were applied:

– 33.3 TL per pack of cigarettes
– 7.78 TL for beers
– 38.24 TL for wines
– 10.63 TL per alcohol degree per liter for high-alcohol drinks
– 9.45 TL for gasoline
– 8.86 TL for diesel
– 7.26 TL for LPG

The statement from the Revenue Administration included: “As a result, ÖTV increases were made based on the 19.49% increase in the domestic producer price index over the last 6 months.”

So, according to the 19.49% increase in the domestic producer price index over the past 6 months, following ÖTV (Special Consumption Tax) increase was made for each product:

– 6.49 TL increase per pack of cigarettes
– 1.51 TL increase for beers
– 7.45 TL increase for wines
– 2.06 TL increase per alcohol degree per liter for high-alcohol drinks