Gasoline prices are reduced! Brent oil prices fell sharply due to the possible interest rate hike by the Fed. After the fall, gasoline prices also fell. On the other hand, the expectation of lower diesel and LPG prices continues. On the other hand, if the Fed raises interest rates, further declines in Brent prices and further declines in gasoline and diesel prices are expected. So how much are the current prices for petrol, diesel and LPG, how many TL? Here are the current prices for petrol, diesel and LPG…
THE DROP IN OIL HAS EXCEEDED 5 PER CENT!
Oil prices fell on fears that demand could decline as expectations of a global recession strengthened. The price of crude oil fell below $100 for the first time since May 11.
Rising inflation and fears of recession around the world have started to factor into global markets. While the yield on 10-year US bonds fell to 2.80%, there were declines of up to 3% in the gold ounce and equity markets. The dollar index, on the other hand, rose above 106 points, reaching its highest level in 20 years. The euro/dollar cross fell to 1.02 due to the impact of the strike by gas industry workers in Norway and Europe, which is experiencing energy uncertainty. On the expectation that recession fears will reduce energy demand, oil’s daily decline exceeded 5%.
DISCOUNTS ON GASOLINE!
The price of Brent oil fell to $96, returning to pre-Russian-Ukrainian war levels, while gasoline prices were cut by 96 cents.
WHAT WAS THE CURRENT GASOLINE PRICE AFTER THE FUEL DISCOUNT?
With the fuel discount, the price per liter of gasoline has gone from 23.66 TL to 22.70 TL in Istanbul, and from 23.78 TL to 22.82 TL in Ankara and Izmir.
LPG PRICES HAVE BEEN APPLIED!
As the markets fell, gasoline prices fell, while LPG prices rose. Since July 14, LPG prices have been increased by 30 cents.
ENGINE PRICES WERE HIGH AFTER THE DISCOUNT WAS MADE!
The diesel group (diesel) received a discount of 2 lira and 10 cents, starting Friday, July 8. With this discount, the price of a liter of diesel fell below 25 lira.
From Saturday July 9, the price of diesel has been increased by 81 cents. After the rise in fuel, diesel prices once again rose above 25 lira.
ISTANBUL CURRENT FUEL PRICE LIST JULY 21, 2022
The price of a liter of gasoline on the Anatolian side of Istanbul: 22.69
The price per liter of diesel (diesel) in Istanbul is 25.40 TL on the Anatolian side
Price per liter of LPG in Istanbul is 10.79 TL on the Anatolian side
The price of a liter of gasoline on the European side of Istanbul: 22.68 TL
The price of diesel liter in Istanbul is 25.43 TL on the European side
Price per liter of LPG in Istanbul is 11.03 TL on the European side
PRICE OF GASOLINE AND MOTORCYCLE IN ANKARA
The price of a liter of gasoline in Ankara is 22.80 TL
Diesel liter price in Ankara 25.56 TL
LPG liter price in Ankara is 11.05 TL
IZMIR FUEL PRICE
The price of a liter of gasoline in Izmir is 22.82 TL
Price per liter of diesel in Izmir 25.50 TL
LPG liter price in Izmir 10.73 TL
FALL IN OIL PRICES
Commercial inventories of U.S. crude oil were down about 400,000 barrels from the previous week, despite market expectations of a 300,000 barrel increase.
The U.S. Energy Information Administration (EIA) said commercial crude oil inventories in the country fell by about 400,000 barrels last week to 426 million 600,000 barrels. The market expected inventories to rise by about 300,000 barrels. Strategic crude oil inventories, which are not included in commercial crude oil inventories, fell 5 million barrels to 480 million 100,000 barrels. During the said period, US gasoline inventories increased by 3.5 million barrels to 228 million 400,000 barrels.
OIL PRODUCTION HAS ALSO DECLINED
Crude oil imports from the United States became 6 million 519 thousand barrels with an average decrease of 156 thousand barrels per day compared to the previous week, and its exports became 3 million 759 thousand barrels with an increase of 735 thousand barrels per day on average. The country’s daily crude oil production fell by 97,000 barrels during the week of July 9-15 and stood at 12 million 335 thousand barrels.