August 20, 2026: Fuel Price Fluctuations Amid VAT and Market Volatility

Global market fluctuations and currency movements continue to reshape Turkey's fuel prices. As of Thursday, August 20, 2026, gasoline prices ranged between 71.31-71.46 TL, while diesel prices were between 79.58-79.73 TL in Istanbul, Ankara, and Izmir. LPG prices were observed at 33.19-33.79 TL.

Fuel Price Movements Driven by VAT and Exchange Rates - Data over the past three months shows that VAT increases, alongside currency fluctuations, have led to 5-7% changes in gasoline prices.

■Diesel prices, while less volatile than LPG, experienced 3-5% fluctuations.

■LPG prices saw 2-4% movements.

Market Expectations - Experts anticipate stable fuel prices as winter approaches, with increased demand for fuel.

■The Energy Ministry announced plans to boost production capacity with new refineries for the 2026-2027 period.

■Exchange rate changes, along with crude oil price volatility, will likely continue to influence fuel prices in the short term.

These fuel price fluctuations will likely become less pronounced as the electric vehicle market grows, reducing fuel consumption. However, rising refinery capacity and crude oil price changes will continue to impact the market in the long term.