06.05.2026 12:54
As tensions in the Strait of Hormuz push Brent crude oil to $109, a 2-lira increase in gasoline prices is expected; due to the flexible tax system, only about 50 kuruş of the hike will be reflected at the pump.
The increase in oil prices due to developments in the Middle East continues to be reflected in fuel prices. Supply risks in the Strait of Hormuz have driven prices up.
BRENT OIL ABOVE $109
Risks to the supply chain and attacks on energy infrastructure in the Strait of Hormuz, through which approximately 30% of the world's oil supply passes, have increased prices. Brent oil, which was at $70 before the conflict, rose to $109.74 as of this morning.
GASOLINE EXPECTED TO INCREASE BY 2 LIRA
According to information from industry sources, a 2 lira increase in the gasoline group is expected to take effect as of Thursday, May 7, 2026. It was stated that 75% of this increase will be covered by the Special Consumption Tax under the Equalization Mobile System, while the remaining 25% will be reflected in pump prices. Accordingly, the increase reflected to consumers for gasoline will be approximately 50 kuruş.
CURRENT PRICES IN ISTANBUL, ANKARA, AND IZMIR
As of May 6, 2026, fuel prices are as follows:
Istanbul European Side
- Gasoline: 63.94 TL
- Diesel: 71.72 TL
- LPG: 34.99 TL
Istanbul Anatolian Side
- Gasoline: 63.80 TL
- Diesel: 71.58 TL
- LPG: 34.39 TL
Ankara
- Gasoline: 64.91 TL
- Diesel: 72.84 TL
- LPG: 34.87 TL
Izmir
- Gasoline: 65.19 TL
- Diesel: 73.11 TL
- LPG: 34.79 TL
SUPPLY RISK DRIVES PRICES UP
Experts state that potential disruptions in the Strait of Hormuz could increase volatility in global energy markets, and it is predicted that the rise in oil prices will continue to be reflected in fuel prices.