LPG gas prices rise by Kr 11, second hike in 1 week

With the new hike, the price per liter went up to TL 2.65.

LPG gas prices rise by Kr 11, second hike in 1 week

The government increased the price of liquefied petroleum gas (LPG) by Kr 11 effective Thursday.

LPG prices increased only a week ago by Kr 4 on June 27. With the new hike, the price per liter went up to TL 2.65. According to the Turkish Statistics Institute (TurkStat), the number of automobiles using LPG went up by three-and-a-half times in the past decade, increasing from 793,000 in 2004 to 3.65 million in 2013.

There was also a 2.46 percent hike in the price of cigarettes and alcoholic beverages in line with the producer price index (PPI) and private consumption tax (ÖTV). According to regulations implemented in 2012, it was decided that the ÖTV would be increased every six months at the same rate as the PPI. In January, the price of alcoholic beverages had increased by 2.7 percent, while cigarette prices had gone up between TL 1 and TL 1.75.

Meanwhile, inflation rose by 4 percent in the first half of the year. Government officials say that inflation adds a burden of over TL 1 billion on the budget as a rise in inflation is reflected on the salary of public employees and retirees.

Cihan

Last Mod: 05 Temmuz 2013, 11:15
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