Gasoline Prices Won’t Fall Even If The Dollar Falls

Today’s issue of the Official Gazette is an important news about fuel prices. President’s Decision it came with According to the decision numbered 4938, the SCT on fuel is calculated according to the decrease in the amount of the products in terms of foreign currency. will be increased. However, the SCT to be calculated will never be It will not exceed the SCT amount on April 2, 2020. When the foreign currency excise duty reaches the amount on April 2, 2020, the application will end.

Turkey launched the Esel Mobile System in 2019. This application is fuel to prevent inflation it was one step. So much so that the exchange rate hikes would be deducted from the SCT, so that the pump prices would remain constant. However, the recent increase in foreign currency has rendered the Eşel Mobile System dysfunctional. Because there is no SCT left that the government can give up. Today’s decision It will increase the SCT, which has decreased to 0 percent..

The application came into effect as of today

President’s Decision taken as of today, the reductions in fuel may not reflect on the consumer. makes you think. Because, price reductions originating from foreign exchange will appear as SCT from now on. However, the price of fuel products, which have been increasing every other day recently, is as of now. very high. If this application reflects each discount to the pump as an extra SCT, it seems that citizens will not be able to get cheaper fuel for a long time.

Meanwhile, Esel Mobile System’s the right not eat should let’s say. Thanks to this practice, substantial inflation was maintained in January-August 2021. The direct contribution of the system to inflation was 1.42 points, and its indirect contribution was 1.06 points. Thanks to the Eşel Mobile System, this is also possible to avoid inflation. 2.48 points retained means.