Türkiye · Thursday, 13 August 2026
The finance ministry prepares a diesel tax cut as Brent approaches $90
The Treasury and Finance Ministry has completed a cut in the special consumption tax on diesel, to be published in the Official Gazette and take effect immediately. The stated purpose is to stop costlier diesel feeding into transport, agricultural and industrial costs and adding to inflation. Brent traded near $90 a barrel on Wednesday because of the disruption in the Strait of Hormuz. Neither the size of the cut nor its expected effect at the pump has been given.
More on this: Inflation, the lira and the Turkish economy