35% increase in domestic gas prices in Turkey

According to Fars News Agency’s International Service, while in the last months of 1400 the sharp devaluation of the lira, rising prices and poverty in Turkey had made headlines, media sources reported an increase in the price of natural gas in this country for various uses.

According to a report released Friday by media sources in Turkey, such as the website “HelloGas prices for domestic consumption have increased by 35% since April 1 (today, Friday, April 12).

According to these reports, the price of natural gas for electricity generation has also increased by 44.3% and for industrial consumption by 50%.

“The latest blow to consumers and businesses (which are already in Turkey) is suffering from staggering inflation,” the Turkish website “Ahwal” described the government’s decision to increase the price of natural gas in Turkey.

Turkey’s state-owned energy transmission company (Botas) on Thursday (yesterday) explained the rise in natural gas prices in the country and confirmed the rise in natural gas prices in Turkey.

Turkish media sources warned that consumer price inflation in Turkey rose to 54.4% in February (the second month of 2022), the highest rate of inflation in the last two decades. .

“Inflation is likely to rise in March (last month) as the war in Ukraine has pushed up oil and natural gas prices,” the Turkish website Ahwal warned in a report. “Turkey imports almost all of its oil and gas, making its economy vulnerable to price fluctuations (oil and gas).”

The report concludes: “The Turkish Central Bank has been forced to finance Butas (the Turkish state-owned energy transmission company) to purchase natural gas in foreign currency, and this has had an effect on the Turkish Central Bank’s already depleted foreign exchange reserves.” “It has left a negative.”

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