Turkiye: LPG Prices Set to Drop This Week Amid Fuel Price Fluctuations

Current Fuel Prices in Turkiye as of June 3, 2024

With the recent volatility in Brent crude oil prices, fuel prices for gasoline and diesel have been subject to frequent changes, including both price hikes and reductions. As of today, are there any changes in fuel prices? What are the current prices for gasoline, diesel, and LPG in Turkiye on June 3, 2024? How much are the per-liter prices for gasoline and diesel fuel now? Amid fluctuations in Brent crude oil prices and exchange rates, consumers continue to monitor fuel prices closely.

LPG Price Discount Expected

Starting Wednesday, a price discount of ₺1.08 per liter is anticipated for LPG.

No price changes are expected for gasoline and diesel.

Current Fuel Prices

According to the latest pump prices:

  • In Istanbul, diesel is selling at ₺40.27 per liter.
  • Gasoline is priced at ₺41.38 per liter on average.
  • LPG is available at ₺21.19 per liter.

How Are Fuel Prices Calculated?

In Turkiye, the prices of gasoline and diesel are determined by adding the Special Consumption Tax (OTV) and the Energy Market Regulatory Authority (EPDK) share to the ex-refinery price, excluding VAT.

The ex-refinery price is calculated by monitoring the daily CIF Mediterranean product prices and the daily US dollar exchange rate published in the Mediterranean-Italian market, which results in the ex-refinery ceiling sale price without customs.

Source: NTV / Prepared by Irem Yildiz

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