Gasoline prices drop by 3.54 lira per liter in Turkey

Turkish fuel prices have shifted following developments in global oil markets. Gasoline prices were reduced by 3.54 lira per liter effective at midnight. The change comes after fluctuations in international energy prices and geopolitical developments involving the United States and Iran.

PÜİS President İbrahim Polat announced the expected discount earlier on November 11. He stated that the reduction would take effect on Thursday, November 12, but emphasized that the decision had not yet been finalized. Polat said the situation would become clear at 4:00 p.m.

The discount is linked to easing tensions between the United States and Iran and the return of Gulf oil flows to pre-war levels. These international developments are expected to reflect as lower fuel prices in Turkey. However, no price change is expected for diesel today.

After the discount, updated fuel price boards were set in major cities. Gasoline prices fell to 71 lira in Istanbul, 72.20 lira in Ankara, and 72.40 lira in Izmir. In eastern provinces, the price dropped to 73.30 lira.

The two reports differ on whether the discount is already in effect or still pending. Source 1 says the decision awaits final approval from higher authorities, while Source 2 states the reduction has been applied at midnight.