[REVISION HISTORY]

Turkey fuel prices: Tax restructuring and price divergence

57 recorded revisions of this situation.

What changed

2026-10-29 08:39 UTC → 2026-10-30 16:27 UTC · added ~~removed~~

The Turkish fuel market has undergone significant restructuring following the official termination of the ‘eşel-mobil’ stabilization mechanism on October 1, 2026. This system had previously mitigated the impact of global oil volatility by adjusting Special Consumption Tax (SCT/ÖTV) rates. To prevent sudden inflationary shocks, the government implemented a gradual transition model for gasoline SCT. Rather than a single large hike, the tax for 95-octane unleaded gasoline will increase in installments through December 2026. Conversely, LPG prices saw immediate increases, with SCT rising to 11.3830 TL per kilogram, pushing prices above 40 TL per liter. Diesel prices remain subject to a scheduled, graduated SCT increase of 3 TL per month through the end of the year. In mid-October, gasoline prices experienced a temporary reprieve. ~~Due to declining~~ Despite rising Brent crude oil prices, ~~a reduction~~ which surpassed $110 per barrel due to Middle East security risks, Turkish fuel prices saw consecutive reductions. Following an initial cut of ~~approximately~~ 4.30 TL per ~~liter~~ liter, a second reduction of 3.35 TL was ~~expected to take effect around October 20, potentially~~ implemented, bringing ~~costs in major cities like Istanbul and Ankara~~ the total weekly decrease for gasoline to ~~roughly 79–80 TL per liter.~~ approximately 7.65 TL. However, this downward trend ~~was countered~~ is expected to be reversed by ~~the~~ scheduled ~~second phase of the three-stage~~ tax ~~adjustment plan.~~ adjustments. As of late October, significant price hikes are anticipated to begin November 1, 2026. Industry sources indicate ~~that~~ gasoline SCT is expected to ~~rise from 7.90 TL to 11.36 TL per liter,~~ rise, potentially increasing pump prices by approximately 4.15 ~~TL.~~ TL and pushing costs above 80 TL per liter. Diesel SCT is projected to ~~rise from 6 TL to 9 TL,~~ rise, leading to an estimated increase of 3.60 TL per ~~liter. If implemented, these adjustments~~ liter, which could push diesel prices above the 100 TL per liter ~~threshold~~ threshold. Additionally, reports suggest a substantial hike for ~~the first time in the country’s history, while gasoline prices are expected to surpass 80~~ LPG, with potential increases between 9.09 TL and 9.15 TL per ~~liter.~~ liter, which could drive prices above 50 TL in certain areas.

Versions

Showing the 50 most recent. Select a version to see what changed compared to the one before it.