Turkey hikes electricity, gas prices by 50% for industry, 20% for homes
2022.09.01 08:01
FILE PHOTO: Model of natural gas pipeline and Turkey flag, July 18, 2022. REUTERS/Dado Ruvic/Illustration
ISTANBUL (Reuters) – Turkish authorities hiked electricity and natural gas prices for households by around 20% and by around 50% for industry on Thursday, putting further upward pressure on inflation, which was running at nearly 80% in July.
Turkey’s EPDK energy regulator said it had raised houshold electricity prices by 20% and that used in the industry by 50%.
While state energy importer BOTAS said it had hiked the natural gas price for domestic use by 20.4%, and by 47.6% for small- to medium-scale industrial customers, and by 50.8% for large industrial users.
The price of gas used for electricity production was raised by 49.5%, BOTAS said.
