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Turkey’s diesel tax buffer evaporates amid booming oil prices and refinery margins

Turkey’s diesel tax buffer evaporates amid booming oil prices and refinery margins

AI Briefing

  • Turkey's diesel tax buffer erodes due to rising oil prices and high refinery margins.
  • Diesel prices surge by 37% annually, while gasoline prices rise by 57%.
  • Turkish government's fuel tax buffer now expected to be depleted soon.
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