Home Business Turkey sees 3rd fuel hike in a week amid currency depreciation

Turkey sees 3rd fuel hike in a week amid currency depreciation

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ISTANBUL, June 12 (ABC): Turkish consumers on Saturday was struck by the third round of fuel price hike in a week, as a volatile Turkish currency took its toll on the economy, which relies largely on imports.

The per liter gasoline price rose by 2.18 liras (about 0.12 U.S. dollars) to nearly 28.5 liras across the country, Birgun daily reported, reflecting an almost 268 percent increase in fuel prices compared with a year ago.

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  • FD News

    Financial Daily (FD) is an emerging media outlet providing news reports, analysis and features especially related to politics and economy. FD is currently one of the largest and most comprehensive private-sector information portals in Pakistan, providing its readers with apolitical, unbiased and fact-based news reports and analyses.

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