20.03.2026 08:50
As the crisis in the Middle East drives oil prices to historic levels, fuel prices in Turkey have risen once again; with a midnight increase of 5 lira and 18 kuruş for diesel, the price per liter has approached the 75 TL threshold.
The closure of the Strait of Hormuz to transit and the significant disruption of oil flow in the region triggered a global supply crisis. During this process, in which approximately 30% of global oil supply was put at risk, international prices rose rapidly. The impact of these developments was also felt directly in Turkey.
HISTORICAL PRICE INCREASE REFLECTED AT THE PUMP
An increase of 5 lira and 18 kuruş per liter in the diesel group was reflected at the pump. With the increase, the price of diesel in Istanbul rose to 71.10 lira, in Ankara to 72.22 lira, and in Izmir to 72.50 lira. Prices in Adana reached 73.06 lira, while in the eastern provinces, they climbed to as high as 73.90 lira.
OIL PRICES REACHED 120 DOLLARS
Oil prices had risen following an attack on some refineries in the South Pars gas field located in the Persian Gulf south of Iran and a strong retaliation from Iran. Iran warned that it would show "zero restraint" if its infrastructure was targeted again and carried out attacks on energy facilities across the region, including Qatar and Kuwait.
Due to the impact of the attacks on energy infrastructure, high energy prices partially retreated after U.S. President Donald Trump's statements regarding possible attacks.
Trump stated that he called on Israeli Prime Minister Benjamin Netanyahu not to target Iran's oil and gas infrastructure.
Following these developments, the price of Brent crude oil fell below 110 dollars in international futures markets.
During the day, the price of Brent crude oil rose to as high as 119.11 dollars, and as of 20:56, it found buyers at 108.44 dollars. At the same time, West Texas Intermediate (WTI) crude oil was trading at 95.9 dollars per barrel.