The price of gasoline is going up! The sign will change at midnight.

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Citizens continue to closely monitor gasoline, diesel, and LPG prices along with changes in Brent oil prices and currency fluctuations.

GASOLINE PRICE INCREASE COMING

According to information obtained from industry sources; a price increase of 98 kuruş is expected for a liter of gasoline starting from Saturday, December 14 (tomorrow). No price changes are expected for diesel and LPG. The new pricing will be effective from midnight tonight.

ISTANBUL EUROPEAN SIDE

• Gasoline: 42.12 TL
• Diesel: 43.30 TL
• LPG: 26.03 TL

ISTANBUL ASIAN SIDE

• Gasoline: 42.01 TL
• Diesel: 43.24 TL
• LPG: 25.49 TL

ANKARA

• Gasoline: 42.54 TL
• Diesel: 43.87 TL
• LPG: 26.04 TL

IZMIR

• Gasoline: 43.04 TL
• Diesel: 44.39 TL
• LPG: 25.94 TL

HOW ARE FUEL PRICES DETERMINED?

Prices are formed considering the nearest accessible global free market formation since 2005. While the prices of all fuel products are affected by changes in crude oil prices, the price of each product is determined separately according to supply and demand balance. Refinery prices are created by refineries based on the gasoline and diesel prices formed in the nearest accessible free world market in the Mediterranean basin, within a certain methodology.

WHY ARE PRICES FALLING OR RISING?

Fluctuations in international markets do not immediately reflect on domestic prices within the framework of the refinery's pricing methodology. According to the pricing methodology, as long as the reference price average remains within a certain band, the refinery owner does not make price changes. If the price band is broken upwards or downwards, new prices are formed according to the direction of the break.