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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Turkey Hikes Gas Prices for Industry, Households

A worker checks the valve gears of pipes linked to oil tanks at Turkey's Mediterranean port of Ceyhan, which is run by state-owned Petroleum Pipeline Corporation (BOTAS), some 70 km (43.5 miles) from Adana February 19, 2014. (Reuters)

Turkish state-owned energy importer BOTAS said late on Thursday it had raised natural gas prices for industrial facilities by 50% and those for households by 35%, raising the prospect of further stoking inflation which is expected to top 60% in March.

BOTAS also said natural gas prices for electricity production were going up by 44.3% as of April 1. It cited the global rise in energy prices as the reason for the hikes.

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