Turkey cuts gasoline prices by 4.30 lira per litre

Gasoline prices in Turkey were cut by 4.30 lira per litre effective Tuesday, October 20. After the reduction, a litre of gasoline on Istanbul's European side costs 79.60 lira.

The cut follows a pullback in global oil markets. According to Haber 7, rising tension between the United States and Iran and the closure of the Strait of Hormuz had pushed the Brent crude price up to as high as $110 a barrel. US President Donald Trump's decision to suspend sanctions on Russia and his diplomatic messages then calmed the market, and Brent fell to $105 a barrel.

Gasoline, diesel and LPG pump prices in major cities

After the cut, pump prices were reported as follows:

Istanbul European side: gasoline 79.60 lira, diesel 96.70 lira, LPG 41.20 lira.

Istanbul Anatolian side: gasoline 79.40 lira, diesel 96.50 lira, LPG 40.60 lira.

Ankara: gasoline 80.60 lira, diesel 97.80 lira, LPG 41.29 lira.

Izmir: gasoline 80.80 lira, diesel 98.00 lira, LPG 41.20 lira.

The source says the reduction applied to gasoline only. It does not mention any price change for diesel or LPG, and those two fuels are listed at their current pump prices.

Pump prices vary by city and even between the two sides of Istanbul. The gap between the European and Anatolian sides is 20 kuruş for gasoline, 20 kuruş for diesel and 60 kuruş for LPG. Because figures depend on the distribution company and the station, drivers should check the price posted at their local pump before filling up.

The direction of fuel prices in the coming days will depend on Brent crude and the exchange rate.