Congrats Turkey, you top this list !
Gasoline and oil prices in Turkey reach record high in Turkey. Actually so high Turkey finally leads a list in anything ! Thank you, don’t stop Turkey, keep going on !
Ankara, Turkey / NationalTurk – The gasoline prices in Turkey saw another rise over the weekend, which put Turkey on the top of a list of most expensive gas consumers in the world above the former leader in highest gas price, Norway.
Turkey has become the country that consumes the most expensive gasoline in the globe thanks to successive price hikes and the ruling AKP government. The latest price hike on gas came over the last weekend.
One liter of gasoline sell for 4.83 Turkish Liras (2.08 Euros), following the 9 kuruş rise that took place last Saturday.
The previous price hike came on Sept. 22 with a 26 kuruş rise due to the increase in the special consumption tax (SCT).
The Turkish government cabinet led by Tayyip Erdogan introduced the rise to try to close the budget deficit.
Norway loses the battle for highest oil price to Turkey
Prior to the price hike the most expensive gasoline was sold in Norway. The Nordic country is among the richest countries in the world with an average income of about $100,000 annual per capita, while Turkey’s average income is just $10,000.
One liter of gasoline in Norway sells for 2.08 euros. Gasoline prices in Greece, Italy and Spain – peripheral countries of the euro zone which are currently in the grip of financial crises – are also lower than prices in Turkey.
The Turkish economy administration is set to declare a rise in natural gas this week, the leading source of electricity power, with the Energy Ministry stating that it cannot compensate recentrises in the global markets. Natural gas is also a leading heating fuel in most of the big cities in Turkey.
Electricity (got a hike today), alchohol, fuel oil among the consumer product that get hikes after hikes recently.
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