A decrease in fuel prices is expected.

A decrease in fuel prices is expected.

01.03.2025 10:50

After the increase in fuel prices, consumers are keeping an eye out for discount news. Economic experts indicate that a decrease in fuel prices is inevitable due to the global downward trend in oil prices and the appreciation of the local currency. Industry representatives expect a reduction in gasoline prices effective from Tuesday, March 4th.

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A price reduction of 1.15 TL is expected for the gasoline group of fuel products on Monday evening. The new prices will be valid from Tuesday, March 4th. No price changes are expected in the diesel group.



CURRENT FUEL PRICES



In Istanbul, gasoline is sold for 46.28-46.43 TL, and diesel is sold for 46.47-46.58 TL.



In Ankara, gasoline is sold for 46.97 TL, and diesel is sold for 47.29 TL.



In Izmir, gasoline is sold for 47.35 TL, and diesel is sold for 47.66 TL.



HOW ARE FUEL PRICES DETERMINED?



According to the Petroleum Market Law, a Free Pricing System for fuel has been in effect since January 1, 2005.



With this system, fuel distribution companies are free to determine the depot sales price according to different pricing policies, and dealers also apply the maximum pump sales prices recommended to them by the distribution companies. Dealers are also free to apply their own pump sales prices according to the competitive conditions of their region.



In Turkey, retail sales prices are determined considering competitive conditions.



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