EPDK Published The Fuel Price Ceiling Formula

The Energy Market Regulatory Authority published the formula for the highest price to be applied in fuel oil.

EPDK published the fuel price ceiling formula. The Energy Market Regulatory Board (EPDK) shared the formula for calculating the ceiling price application that will be valid for two months in fuel oil. According to the EPDK decision published in the Official Gazette dated March 18, 2021 and numbered 31427, the highest distrubutor price will be determined by adding 0.70 TL (1+VAT) per liter to the refinery price valid for TUPRAS Izmir Refinery on the relevant day. The price formula in question will be applied for gasoline and diesel types. For differentiated fuel products, this price can be increased by a maximum of 0.02 TL. In the annex of the decision, there is also a price difference list that can be applied to the highest distrubutor prices, which will be valid for gasoline and diesel types in each province.   This Decision Caused Reaction in the Industry The Energy Market Regulatory Authority announced that it has made a ceiling price decision for fuel and that this decision will be implemented for 2 months. According to this decision of EPDK, the ceiling price for gasoline on the Anatolian side of Istanbul will be 7.08 TL, and for diesel, 6.44 TL. On the European side, the ceiling price for gasoline will be 7.07 TL and for diesel it will be 6.43 TL. EPDK Chairman Yılmaz evaluated this decision to Bloomberg HT. Yılmaz drew attention to the cost of each 0.01 TL increase in fuel to the economy as 350 million TL and stated that they are focusing on the dynamic auto-control system here. EPGIS Chairman Fesih Aktaş stated that they will take this decision to the court.