content tagged with fuel prices

The government will adjust fuel taxes in response to price changes to shield consumers from sharp increases at the pump.

Diesel prices are set to rise by more than 10%, with gasoline and autogas also expected to see increases, according to media reports.

Public transport fares have been raised in nine cities, with increases ranging from 25% to 85%. Some local administrations said they will have to subsidize public transport despite the price hikes.

The recent surge in fuel taxes is anticipated to exacerbate the already high inflationary pressures.

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.