Why did the price of fuel suddenly rise in Türkiye?

– International News – Tasnim News Agency, it was just a month ago that the reduction of a few kuros of gasoline in Turkey made the citizens of this country happy, and when the price of gasoline dropped slightly from 31 liras, everyone expressed their happiness. But this temporary happiness ended and gasoline went up, and now it has reached 41 lira. No! You are not wrong! Exactly 41 lira. It means something like 1 dollar and 35 American cents only for 1 liter of gasoline! And by the way, the condition of trucks and buses is much worse. Because the price of 1 liter of diesel has reached 45 lira, which has never happened in the history of Turkey.

Recep Tayyip Erdoğan, the leader of the Justice and Development Party and the President of Turkey, in his election campaign last May, promised that the price of fuel and energy in his country would be reduced soon. . But this promise was not fulfilled and since the election, the price of gasoline has increased by 108% and the price of diesel has increased by 129%.

Turkey is waiting for 60 lira gasoline

Economic crisis, parallel to the developments that took place in the region and affected the energy market, work to control inflation. It has made it difficult in Turkey. Analysts’ forecasts indicate that in 2024, the price of gasoline will exceed 60 liras.

According to Sharaf Oguz, a famous Turkish economist, there is a possibility that the price of one liter of diesel will reach 60 lira on the day of the upcoming elections in Turkey.

Oghuz reminded that after the May 24 elections, the price of gasoline will increase by 108% and diesel by 129%. It increased and there is a repetition of the scary scenario of sudden inflation, in the case of fuel products. found and exceeded 45 lira. The price of gasoline also increased by 1 Lira and 80 Qorosh and exceeded 41 Lira. Since fuel oil is one of the products whose price is directly linked to the current account deficit, these increases will inevitably be automatic and not much done by the Erdogan government.

He wrote: “Gasoil is still increasing! We see that diesel fuel goes up almost every other day! But we must know that the increase in the price of diesel is not the same as the increase in the price of other products, and since the entire transportation industry and supply chain is dependent on trucks, the price of diesel affects all goods, and in such a situation, inflation is prevented. it’s impossible! The economic team of Erdoğan’s government, on the one hand, is looking for price stability to prevent inflation, but on the other hand, it continues to increase the price of diesel. So they are at a standstill!”

Why are fuel prices suddenly high in Turkey? Gone?

Ebrahim Kafi Chi from Turkish economic analysts believes that the rise The sudden increase in the price of gasoline in Turkey, although it is a sudden shock, has no strange or vague reasons.

The price of each liter of gasoline was 19.30 lira. But now with a tremendous increase, it has reached 41.2 lira. Do you know why? For these three reasons: 1- The price of oil increased from $73 to $82. 2- The value of the dollar increased from 19.70 liras to 30.80 liras. 3- The fuel tax was increased by the order of the government. In its election campaign, the ruling party promised the people paradise. But this promise turned out to be empty. It is even very likely that after these local elections, the price of electricity will increase by at least 90%. Now you say: who won and who lost during Erdogan’s presidency? From the distribution of income share in the period of 2014-2023, it can be seen that only 5% of the richest people have gained a lot of capital during Erdogan’s presidency, the rest of the society always loses. But Erdoğan has a very good command over the psychology of the less educated segment of the society and manages them well. It plays with words such as terrorism, survival, homeland-nation, etc., and gets votes especially by using religious and nationalist emotions”.

Why doesn’t the Turkish government give subsidies?

One ​​of the important questions about the high price of fuel and energy in Turkey is: Why is the government unwilling to lower the price of fuel by paying subsidies? The answer is clear: first of all, Turkey does not have fuel resources and imports oil and gas from abroad at a huge cost of 100 billion dollars a year. Secondly, the Turkish government runs on tax revenues and has no money to distribute to the people!

It lowers the price of gas by 20-25%. But in any case, the final price of electricity and natural gas bills in Turkey is a very high rate, and the average price of electricity and gas in both the residential and commercial sectors is tens of times higher in Iran.

> In order to cross the barrier of the opposition and obtain a significant victory, at least in a limited way, distribute some temporary economic privileges. But the analysts believe that due to the limited financial resources, the ruling party is trying to achieve its electoral goals by distributing food, cash and light gifts to the villagers to help the development of agriculture, only in the area of ​​supporters.

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