03.03.2025 09:32
After the decline in oil prices in global markets, attention has turned to fuel costs. A reduction in gasoline prices is expected to take effect on Tuesday, March 4th.
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Changes in the exchange rate and brent oil prices are reflected in fuel prices as increases or decreases. Recently, on February 27, after a reduction of 1 lira and 43 kuruş in diesel prices, there was more good news for vehicle owners.
DISCOUNT ON GASOLINE IS ON THE WAY
As of tonight, a reduction of 1 lira and 15 kuruş in gasoline prices is expected. The new price schedule for gasoline will be effective from Tuesday, March 4. No changes are expected in diesel and LPG prices.
CURRENT FUEL PRICES
Fuel prices in the European side of Istanbul:
Gasoline price per liter: 46.43 TL
Diesel price per liter: 46.58 TL
LPG price per liter: 27.59 TL
Fuel prices in the Asian side of Istanbul:
Gasoline price per liter: 46.28 TL
Diesel price per liter: 46.47 TL
LPG price per liter: 26.99 TL
Fuel prices in Ankara:
Gasoline price per liter: 46.97 TL
Diesel price per liter: 47.29 TL
LPG price per liter: 27.49 TL
Fuel prices in Izmir:
Gasoline price per liter: 47.35 TL
Diesel price per liter: 47.66 TL
LPG price per liter: 27.34 TL
HOW ARE FUEL PRICES DETERMINED?
According to the Petroleum Market Law, since January 1, 2005, a Free Pricing System has been applied to fuel.
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 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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