Fuel Prices Turkey
Part of: GIZ International Fuel Price database
Also see: Turkey Energy Situation
Fuel Pricing Policies
| Local Currency: | TRY |
| Exchange Rate: | 1.455
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| Last Update: |
The downstream market in Turkey is open and pricing is liberal. However, fuel taxation is among the highest worldwide. Taxes sum up to ~60% of the retail price.
„Enerji Piyasasi Düzenleme Kurumu“ (EPDK) is the regulatory agency for the downstream market in Turkey. The agency monitors actual pump prices, issues licenses to oil companies and retailers and defines and supervises quality standards. On their internet website http://www.epdk.gov.tr, EPDK offers a database of all monitored fuel prices as well as some legal framework and further information. However, information on the fuel price composition could not be found on their website (possibly because of the language barrier, as information is only available in Turkish).
"Pricing policy: Fuel prices have been deregulated since 1989 and tax rates are high. At the end of 2008, Turkey equalized taxes on all petroleum products, but reversed this decision in mid-2009. In 2011, taxes constituted 40% of the retail price of diesel, 51% of gasoline, 39% of automotive LPG, 39% of light fuel oil for household use, and 26% of heavy fuel oil."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
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| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2011/05/01.
For an assumed pump price of 4,21 TRY (as published by Shell)
Operator Costs includes import costs, refinery costs, shipping, storage, local distribution, gas station costs, administrative and promotional costs and revenues.
Source: own calculation based on http://ekonomi.haberturk.com/ article (→App. A1) and http://www.wallstreet-online.de/rohstoffe/oelpreis (for Brent price).
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.epdk.gov.tr/ |
| Pump prices and margins | http://www.epdk.gov.tr/ |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
