Gasoline prices approach ₺70 per litre

Retail gasoline prices in Turkey rose by ₺1.23 per litre on July 23, pushing the pump price close to ₺70 per litre, officials said. The increase is the seventh adjustment in a 16-day span as higher global crude costs transmit to domestic retail margins.

Seven hikes since 7 July

Retailers and consumers are the immediate parties affected: service-station pump prices are up, squeezing household budgets and raising operating costs for transport firms. Officials said tax elements and distribution margins remain in place; the recent rises reflect changes in upstream oil and currency-cost pass-through rather than new levies.

Market participants watching the energy axis should expect volatility: higher pump prices can feed short-term inflation measures and lift diesel and gasoline transport costs. Data showed global benchmarks are a principal driver of local adjustments, while periodic refinery scheduling and exchange-rate moves shape timing.

Further price revisions are possible if crude benchmarks stay elevated; monitor developments through July 30, 2026 for signs of another round of retail adjustments or a cooling in international oil prices.

Officials said fuel retailers implemented seven separate price increases across the past 16 days; the latest move was applied on July 23, 2026. Data showed wholesale and refining input costs have trended higher internationally in recent weeks, which dealers cited when raising pump prices.