Breaking News: Raise to Gasoline Prices

Breaking News: Raise to Gasoline Prices According to the breaking news, a raise is coming to gasoline prices. The new prices will be valid from midnight tonight. According to the information given by the Energy Petrol Gas Supply Stations Employer Union (EPGİS), gasoline prices will be changed. In the information given, it was said that the price of gasoline would be increased by 0.11 TL per liter. However, it was informed that this increase will be reflected in the pump price as an average of 0.07 TL. The remaining 0.04 TL will be covered from the SCT income as required by the Eşel Mobile system. After the new price regulation, the price of gasoline sold at an average of 7.20 liras in Ankara will be 7.27 lira per liter. The liter of gasoline will increase from 7.17 lira to 7.24 lira in Istanbul and from 7.23 lira to 7.30 lira in Izmir. Prices will be reflected on the pump from midnight tonight.   How Are Fuel Prices Calculated? Fuel prices are calculated by the refineries via inclusion of processed products in Mediterranean which includes Turkey and changes in the US dollar rate. As a result of this calculation, the prices applied by distribution companies may vary slightly according to companies and cities due to their competition and freedom.