31.10.2025 09:47
As the increase in oil prices continues to reflect on fuel prices, there was a quiet increase of 1 lira and 14 kuruş in gasoline prices at midnight. With the price hike reflected at the pump, gasoline is now sold for 53 lira and 47 kuruş per liter in Istanbul.
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With the changes in Brent oil prices and foreign exchange rates, citizens continue to monitor gasoline and diesel prices.
HEFTY INCREASE IN GASOLINE AT MIDNIGHT
The increase in oil prices continues to reflect on fuel prices. While gasoline prices will quietly increase by 1 lira and 14 kuruş tonight, with the price increase reflected at the pump, gasoline is being sold at 53 lira and 47 kuruş per liter in Istanbul.
HOW ARE FUEL PRICES CALCULATED?
Fuel prices are calculated by refineries based on the average prices of refined products in the Mediterranean market, which includes Turkey, and changes in the dollar exchange rate. As a result of this calculation, the prices applied by distribution companies may show small variations due to competition and freedom among companies and cities.
EPGIS HAD DECIDED NOT TO ANNOUNCE PRICE CHANGES
After the Energy Market Regulatory Authority (EPDK) filed a complaint against EPGIS, the only union that announces changes in prices, the union stated that it would not share fuel price changes with citizens until the legal process is completed.
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