Turkey declares increases in electricity, natural gas prices

Reuters Images

Turkish state-owned Petroleum Pipeline Corporation (BOTAS) raised natural gas prices

Staff Writer, Arab Finance

September 2, 2022

PHOTO

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.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.