Fuel Price Discount Storm: Gasoline and Diesel Prices are Falling

Calm Before the Storm in the Petrol Market

Recently, there have been notable fluctuations in the petrol markets. The OPEC+'s agreement on a limited production quota increase has affected the direction of oil prices. Brent crude oil prices, which have risen in the last two days, are currently trading around 66 dollars. Meanwhile, US crude oil (WTI) has seen a decline, dipping below 62 dollars, causing concern among investors.

Expected Decrease in Fuel Prices

These price fluctuations are directly reflected in fuel prices. According to information from industry experts, a decrease of 1 lira 30 kuruş for super gasoline and 1 lira 38 kuruş for diesel is anticipated starting from midnight tonight. While these reductions offer significant relief to drivers, there is curiosity about how fuel prices are calculated.

How Are Fuel Prices Calculated?

In Turkey, fuel prices are determined by refineries based on the average prices of processed products in the Mediterranean market and fluctuations in the dollar exchange rate. The prices resulting from these calculations are implemented by distribution companies. However, due to competition conditions and market freedom, prices may vary slightly between cities and companies.

Current Status of Autogas Prices

On the other hand, a 1.20 TL increase in autogas (LPG) prices on October 3 has imposed an additional cost burden on drivers. Changes in fuel and LPG prices continue to affect consumers' budgets.

Short-Term Expectations

While the future trajectory of oil prices remains uncertain, fuel price reductions may provide temporary relief. However, considering market dynamics and global developments, it is important for consumers to remain cautious.