Written by: Fatima Younis
Global and local energy markets witnessed a noticeable decline in oil prices at the start of the week, with the decrease reaching approximately 2 percent. This usually reflects, gradually, on the costs of refined petroleum products and retail prices for consumers at gas stations.
Upcoming gasoline and diesel price cuts
In this context, it was decided to apply a new reduction on gasoline prices by 4.30 lira, with the reduced prices expected to appear and be officially adopted at the pumps starting Tuesday. This decline is an extension of recent price movements in the energy sector, as the previous period, specifically about two weeks ago, saw a previous reduction affecting diesel prices by about 4.80 lira, amidst continuous monitoring of market indicator changes.
Fuel price updates in major cities
Updated fuel price lists show varying details between major cities; in the European part of Istanbul, the price per liter of gasoline settled at 84.70 lira, while a liter of diesel recorded 90.20 lira, and a liter of LPG reached 41.20 lira. In the Asian part of the same city, a liter of gasoline recorded 84.50 lira, diesel recorded 90.00 lira, while the price per liter of gas reached 40.60 lira.
Regarding the capital, Ankara, prices reached levels close to the major cities, where a liter of gasoline recorded 85.70 lira, a liter of diesel 91.30 lira, and a liter of LPG 41.29 lira. In Izmir, a liter of gasoline recorded 85.90 lira, diesel 91.50 lira, while the price per liter of LPG reached 41.20 lira, reflecting the continuous volatility in energy markets and its direct repercussions on the final consumer.
