Special consumption tax on natural gas more than doubles

Turkey on July 16 woke up to a new series of tax hikes. After an increase in the special consumption tax (ÖTV) on fuel, the government also increased the ÖTV on natural gas for residential use by 224 percent -- from 0.0230 liras per cubic meter to 0.0747 liras.

Duvar English

Following an increase in the special consumption tax (ÖTV) on fuel by about 200%, the government similarly implemented an ÖTV hike on natural gas. 

A presidential decree released in the Official Gazette on July 16 read that the ÖTV on natural gas increased from 0.0230 liras to 0.0747 liras per cubic meter (including for residential use), whereas the ÖTV on liquefied natural gas used in vehicles increased from 0.8599 liras to 2.7944 liras. 

Earlier in the day, the ÖTV on fuel was increased by 200% as a result of which the price for a liter of gasoline and diesel oil jumped by nearly 21%. 

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Topics Turkey natural gas ÖTV special consumption tax Tax