Fuel Market Under Pressure: Exchange Rates and Tax Hikes Drive July Prices

Global market volatility, fluctuating exchange rates, and successive Special Consumption Tax (SCT) adjustments continue to reshape the fuel price landscape in Turkey.

Macro Drivers Shaping Energy Costs

The primary factors driving the current pricing structure include:

■Volatility in global energy markets

■Fluctuations in foreign exchange rates

■Recent adjustments in tax (SCT) regimes

Istanbul Fuel Pricing: Regional Breakdown

As of July 29, 2026, fuel prices across Istanbul's two sides are as follows:

European Side

■Gasoline per liter: 67.10 TL

■Diesel per liter: 77.21 TL

■LPG per liter: 31.19 TL

Anatolian Side

■Gasoline per liter: 66.94 TL

■Diesel per liter: 77.06 TL

■LPG per liter: 30.59 TL

The upward trajectory of fuel costs remains a critical variable for both the logistics sector and heavy industry operational costs. Sustained high diesel prices may fuel inflationary pressures through transportation costs, while simultaneously acting as a catalyst that accelerates the consumer transition from internal combustion engine (ICE) vehicles to the electric vehicle (EV) ecosystem.