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Turkey declares increases in electricity, natural gas prices

Turkey declares increases in electricity, natural gas prices

Arab Finance: Electricity and natural gas prices have been increased for households and industry in Turkey by 20% and 50%, respectively, Reuters reported on September 1st.

Turkish state-owned Petroleum Pipeline Corporation (BOTAS) raised natural gas prices by 20.4% for domestic use, by 47.6% for small- to medium-scale industrial customers, and by 50.8% for large industrial entities.

BOTAS also hiked the price of natural gas used for power generation by 49.5%.

Moreover, the company stressed that the state is still subsidizing 80% of natural gas prices for Turkish households.

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