Diesel may pass 100 lira per litre as fuel hikes loom in November

Fuel price increases are expected to hit all three fuel types in the first days of November. According to industry sources, the special consumption tax (ÖTV) hike could add about 4.15 lira per litre of petrol and 3.60 lira to diesel, both including VAT. Autogas (LPG) is also facing a 9 lira increase from November 3.

ÖTV hike set to take effect on November 1

The new stage of the phased ÖTV increase, set by presidential decree, is expected to take effect on Sunday, November 1. If the change reaches the pump, petrol would rise by 4.15 lira and diesel by 3.60 lira.

The sector is also discussing the possibility that prices could change at the pump from 00.01 on Saturday, October 31. However, the ÖTV schedule lists November 1 as the effective date for the new tax amounts. The exact date and time of the price change will depend on announcements from distribution companies.

Diesel could reach 100.20 lira, petrol 80.35 lira

As of October 30, diesel in Istanbul costs roughly 96.60 lira per litre. A 3.60 lira increase would take it to 100.20 lira, crossing the 100 lira mark. Petrol, currently around 76.20 lira, could rise by 4.15 lira to 80.35 lira.

These figures are estimates based on reported prices and the expected increases. Actual pump prices will be confirmed by distribution companies.

Autogas expected to rise 9 lira

Industry sources say autogas could see a 9 lira increase per litre from 00.01 on Tuesday, November 3. If it happens, LPG prices could exceed 50 lira in many cities. In Istanbul, the price is expected to reach about 50 lira per litre.

No official price announcement has been made for the 9 lira autogas increase. The expectations are based on oil prices, currency movements and tax arrangements.