Turkey raises natural gas, electricity prices by 10 pc

The price of natural gas has increased by 9.8 percent and the price of electricity by 10.1 percent, the new prices will take effect as of Oct. 1.

Turkey raises natural gas, electricity prices by 10 pc

World Bulletin / News Desk 

The price of natural gas has increased by 9.8 percent and the price of electricity by 10.1 percent, say announcements made respectively by the state-owned Turkish Pipeline Corporation (BOTAŞ) and the Energy Market Regulatory Agency (EPDK) on Sunday.

Prime Minister Recep Tayyip Erdoğan earlier said the state had no other choice but to charge people more for natural gas, which has become more expensive due to upwards pressure increasing oil prices have exerted on natural gas prices.

The official announcement came from BOTAŞ, which also said the price hike was unavoidable due to the increasing oil prices.

The move also increased electricity prices since half of the electricity which Turkey consumes is produced from natural gas, spelling even more financial trouble for the country's people.

The EPDK announced the new electricity price tariff in the Official Gazette. Electricity prices have seen a 10.1 percent rise according to the announcement, which also said the Turkish Electricity Trading and Contracting Company (TETAŞ) will now sell electricity for TL 20.08 per kilowatt hour (kWh), a TL 1.89 increase from the previous price.

The new prices will take effect as of Oct. 1.

 

Güncelleme Tarihi: 01 Ekim 2012, 15:32
YORUM EKLE