content tagged with fuel oil

Legislative proposals by HDP, CHP: Abolish taxation on fuel oil

Legislative proposals by HDP, CHP: Abolish taxation on fuel oil

While the HDP has requested that the Value Added Tax and Special Consumption Tax levied on fuel oil such as gasoline and diesel be removed, the main opposition CHP has made the same request for the fuel oil used in public transportation.

Turkey withdraws latest increases in gasoline, diesel prices

Turkey withdraws latest increases in gasoline, diesel prices

It was announced on March 9 that the price of a liter of gasoline would increase by 0.79 lira and that of a liter of diesel by 2.25 lira a day later. These price increases have been withdrawn “as they have been canceled at their source”.

Gasoline prices up by 1.61 lira, diesel by 1.51 lira in Turkey

Gasoline prices up by 1.61 lira, diesel by 1.51 lira in Turkey

Following Russia’s invasion of Ukraine, the Brent crude prices have seen an 8-year high. The loss of value of the Turkish Lira has also played a role in the price increase.

25 February 2022

Fuel oil prices won't fall in Turkey: The drop in exchange rates to be levied as tax

Fuel oil prices won't fall in Turkey: The drop in exchange rates to be levied as tax

The expected reductions in the fuel oil prices due to the falls in foreign exchange rates will not affect the money paid by citizens to buy fuel oil as this amount will be levied on them as the special consumption tax.

22 December 2021