Turkey raises gas prices by as much as 20.2 percent after power price hike

Turkish state-run natural gas distributor BOTAŞ raised the price of natural gas by as much as 20.2 percent, citing rising costs.

BOTAŞ increased the price of gas for Turkish householders by 12 percent, for industrial use by 20 percent and for electricity production by 20.2 percent, it said in a statement on its website on Thursday.

The decision follows a Wednesday announcement by the energy regulator said it hiked consumer electricity prices by 15 percent.

The price increases could put pressure on annual consumer price inflation of 16.6 percent. They exceed the central bank’s year-end inflation forecast of 12.2 percent.

This block is broken or missing. You may be missing content or you might need to enable the original module.