10.04.2025 00:32
The price of gasoline has been reduced by 2 lira and 24 kuruş per liter. The discount started to be reflected at the pumps from midnight tonight.
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After the announcement of customs tariff rates by US President Donald Trump, sharp declines were experienced in global stock markets. Although Trump announced that the tariffs would be suspended for 90 days, global markets were shaken within about a week. Record declines were recorded not only in stocks but also in the dollar and gold.
While there was a decline in oil prices, this situation also reflected on fuel prices. A reduction of 2 lira and 24 kuruş was applied to gasoline. The discount started to be reflected at the pump from tonight.
AT THE LOWEST LEVEL IN 4 YEARS
Oil prices fell sharply due to concerns that trade wars would expand. Brent crude oil has dropped to around 60 dollars, marking the lowest level in 4 years.
HOW ARE FUEL PRICES DETERMINED?
Fuel prices such as gasoline and diesel are not determined by governments. Governments only have the authority to increase or decrease the tax rate on fuel. Apart from that, the base price of fuel is determined according to the values in the Geneva stock exchange. These values are calculated based on the current oil price and the dollar/TL exchange rate, and fuel prices are determined by adding the profit margins of refineries.
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