Weird ‘Dollar Rate’ Allegation About Petrol Ofisi

Today, it was alleged that Petrol Ofisi announced that it would not comply with the rate of the Central Bank of the Republic of Turkey (CBRT). According to an announcement shared on the Internet, Petrol Ofisi was launched as the dollar rate, adding 1.5 TL to the CBRT rate. A statement came from Petrol Ofisi on the subject.

Turkey is going through a very interesting economic period. While the policy interest rates have been falling for a long time, the real interest rate given by the banks has taken off, inflation and exchange rates are now at a certain level. your controllability went beyond. In addition, banks have completely turned off their credit taps. While the citizens did not know exactly what to do, there was a development that we could hardly come across. The Central Bank (CBRT) rate of Petrol Ofisi, one of the largest fuel companies in Turkey, will not apply claimed.

Allegedly, Petrol Ofisi would no longer act according to the exchange rate announced by the Central Bank. In the statement allegedly belonging to Petrol Ofisi, there is a serious difference between the exchange rates of banks and the exchange rate announced by the CBRT. with scissors openingTherefore, the rate to be taken as a basis while serving from now on”CBRT +1.5 TL“It was stated that there would be.

Petrol Ofisi denied the allegations

Today’s oil prices CBRT + 1.5 TL Petrol Ofisi made a press release on the subject. The company stated in its announcement that the text shared is not the official opinion of Petrol Ofisi and that the prices reflected to the consumer remain valid at the reference rate announced by the CBRT.

The official statement from the company is as follows:

“To the knowledge of the public,

As Petrol Ofisi Group, based on our unconditionally transparent governance approach, we felt the need to make a statement based on the messages on social media and on the websites of some news outlets that “Petrol Ofisi makes its payments and sales with the Central Bank Rate +1.50 TL”.

The shared text does not reflect the official view of Petrol Ofisi Group. The reference rate announced by the CBRT in our prices reflected to the consumer remains valid as in the past.

It is announced to the public with respect.”

What happened?

The statement said to belong to Petrol Ofisi is as follows:

Petrol Ofisi

Dear Business Partners / Customers,

Due to the developments in the foreign exchange markets since 14.04.2023, serious differences began to occur between the exchange rates applied by the banks and the exchange rates announced by the Central Bank of the Republic of Turkey.

As it is known, petrochemical products traded by our company are mainly dependent on imports and related payments are made by our company in foreign currency. Therefore, at the current stage; As of Monday, 22.05.2023 In our commercial relations with you, the amount in Turkish Lira to be taken as a basis for payment in foreign currency/TL based sales; It will be determined with the exchange rate of “CBRT + 1.5 Turkish Lira” and the difference in exchange rates will be monitored on a daily basis and after the gap is closed will return to routine practice.

If the situation in the money markets changes, the updated information will be made again, and we thank you for your understanding and cooperation.

So what does this mean?

exchange rate

Above, the CBRT from the website You can see the current exchange rate we received. According to this; As of 18.05.2023, the dollar/TL parity, in the 19.79 band. Let’s look at the data of Ziraat Bank, which is a public bank.

set up an agricultural bank

You can also view the screenshot above Ziraat Bankası. from the website we got it. The dollar/TL parity, which is 19.79 at the CBRT, is at Ziraat Bank. 21.34. Let’s take a look at the exchange rate data of İşbank, a private bank.

set up a business bank

Is Bank The dollar/TL parity announced by the company is 21.28. Our source again official website.

The dollar/TL parity has a completely different value in the Grand Bazaar!

Grand Bazaar

In the table above On the other hand, as of 18.05.2023 at 16:32, you can see the dollar rate valid in the Grand Bazaar. If you go to the Grand Bazaar and try to buy dollars from any exchange office, for 1 dollar 20.45 TL if you pay…

All these reveal why the CBRT did not want to comply with the exchange rate data in the statement that Petrol Ofisi has not yet confirmed. Only the reflection of this on the consumer it can be heavy let me specify. Gasoline and diesel prices, depending on the exchange rate suddenly a few Of course, although the decision seems to be specific to Petrol Ofisi for now, there is no guarantee that other fuel companies will not take similar decisions.


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