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 (2010/11/17)
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
in USD*
in Local Currency

* 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	Transparency of Price Composition Transparency of Pricing Mechanism / Monitoring

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

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

The following coordinate was not recognized: {{#geocode: Turkey|google }}.