FUEL PRICES SURGE AS GOVERNMENT PHASES OUT TAX RELIEF
The government has officially ended its sliding scale tax mechanism on fuel, triggering an immediate price hike at the pump.
Analysis
In-Depth Analysis
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NO MORE TAX BREAKS
The government will discontinue its 'sliding scale' fuel tax offset mechanism at the end of 2026, shifting focus toward boosting budget revenues ahead of potential elections in 2027 or early 2028.
ANKARA ACTIVATES TAX SHIELD TO CUSHION IMPACT OF OIL SURGE
Turkey has reintroduced the “sliding scale mechanism” to prevent dramatic pump hikes from feeding inflation after the Iranian War pushed global oil prices higher.