Midnight diesel discount of 1.05 TL: Expected 6.37 TL reduction, 5.32 TL goes to excise tax

Quick summary

The diesel per-liter price is falling by 1.05 TL tonight; however, of the 6.37 TL discount potential in the international market, 5.32 TL was redirected to the Special Consumption Tax. Drivers will save only 25-30 lira per month; if the full discount had been passed through, this amount could have reached 150 lira.

Why it matters

The apparent diesel price reduction puts very little money in your pocket due to the Special Consumption Tax mechanism: a driver filling up their tank once a week will gain only 25-30 lira per month. This pricing system means that major swings in the fuel sector do not translate their advantages to your personal budget when buying gasoline and diesel.

Key takeaways

• ›The per-liter diesel price discount of 1.05 TL will be reflected at pumps early tomorrow morning.
• ›Despite the decline in international crude oil prices creating a 6.37 TL discount potential, 5.32 TL of it was credited to the Special Consumption Tax.
• ›While a driver filling up their tank once a week will save 25-30 lira per month, if the full discount had been passed through, savings could have exceeded 150 lira.
• ›The government used the Special Consumption Tax mechanism last year to prevent market declines from reaching consumers, and applied the same method in January 2024.