Following the drop in oil prices, a reduction in fuel prices is expected.

Following the drop in oil prices, a reduction in fuel prices is expected.

13.02.2025 10:11

Following the peace rhetoric in the Russia-Ukraine war, the price of Brent crude oil in global markets has dropped to $74.40. In the wake of this development, there is a prevailing expectation of a decrease in fuel prices in Turkey as well.

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US President Donald Trump stated that he spoke on the phone with Russian President Putin and Ukrainian President Zelensky, and both leaders indicated their readiness for a ceasefire. This statement caused the price of Brent crude oil, which had risen to $77.30 on Tuesday, to drop to $74.40 per barrel.

RUSSIAN OIL SUPPLY MAY INCREASE AGAIN

The US decision to impose sanctions on Russian oil has reduced global oil supply, and this news had pushed prices up. However, expectations have increased that the end of the war and the lifting of sanctions on Russian oil will accelerate supply in the market, leading to a decrease in prices.

WILL FUEL PRICES FALL?

After the sharp decline in oil prices, attention has also turned to fuel prices domestically. Industry representatives indicate that if prices remain below $75, there could be limited reductions in fuel prices.

Fuel prices on the European side of Istanbul

Gasoline price per liter: 46.31 TL

Diesel price per liter: 46.45 TL

LPG price per liter: 27.59 TL

Fuel prices on the Anatolian side of Istanbul

Gasoline price per liter: 46.16 TL

Diesel price per liter: 46.34 TL

LPG price per liter: 26.99 TL

Fuel prices in Ankara

Gasoline price per liter: 46.82 TL

Diesel price per liter: 47.12 TL

LPG price per liter: 27.49 TL

Fuel prices in Izmir

Gasoline price per liter: 47.19 TL

Diesel price per liter: 47.50 TL

LPG price per liter: 27.34 TL



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