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Turkey hikes electricity, gas prices by 50% for industry, 20% for homes

Turkey hikes electricity, gas prices by 50% for industry, 20% for homes

Electricity and natural gas prices are increased in country.
01.09.2022 - 16:23

Turkey's EPDK energy regulator said it had raised household electricity prices by 20% and that used in the industry by 50% on Thursday.

While state energy importer BOTAŞ 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.

According to Reuters, the price of gas used for electricity production was raised by 49.5%, BOTAŞ said.

Inflation in Turkey is at nearly 80% in July.