rki.news | Sources Xinhua
ANKARA, Sept. 22: Rising fuel prices are putting increasing pressure on household budgets, transportation choices and the cost of goods and services in Türkiye, after diesel surpassed 100 Turkish liras per liter for the first time.
The increases followed elevated global energy prices and disruptions to oil supplies, with Brent crude rising above $100 per barrel earlier this month amid concerns over supplies through the Strait of Hormuz.
Türkiye, a major importer of oil and natural gas, is particularly exposed to higher energy costs. Nearly half of its workforce earns the minimum wage of 28,075.50 liras.
Residents told Xinhua that rising fuel costs were already affecting household finances and daily travel. Some have reduced private-car use, relied on company shuttles or switched to public transportation.
Economist Mustafa Sonmez said higher fuel prices could increase costs across the economy, including transportation, heating and consumer goods.
Türkiye’s annual consumer inflation eased to 31.51 percent in August from 31.75 percent in July. Treasury and Finance Minister Mehmet Simsek said the disinflation process was continuing but had slowed due to domestic and external factors.
Energy Minister Alparslan Bayraktar described the global energy situation as a “perfect storm.
