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BackEqual mobile system for fuel prices has ended, new Special Consumption Tax application for LPG and gasoline begins
Equal mobile system for fuel prices has ended, new Special Consumption Tax application for LPG and gasoline begins
Developing
Habertürk Ekonomi49 minutes agoBusiness2 min readTürkiyeView original

Equal mobile system for fuel prices has ended, new Special Consumption Tax application for LPG and gasoline begins

Quick Look

  • The Ecel mobile system, which was implemented to avoid reflecting global fluctuations in fuel prices and exchange rate movements to the consumer, has ended as of today.
  • LPG returned to the pre-mobile system and the Special Consumption Tax was increased from 9.2190 lira per kilogram to 11.3830 lira, which will lead to an increase of approximately 1.48 lira in the pump price.
  • As for gasoline, a gradual transition model has been introduced: 7.9000 liras of SCT will be applied in October, 11.3600 liras in November and 14.8277 liras in December, which will cause an increase of approximately 4.15 liras in the pump price.

AI-generated summary

Why It Matters

The Ecel mobile system was implemented in order to avoid reflecting global fluctuations in fuel prices and exchange rate movements to the consumer. This system was designed to prevent price shocks and combat inflation.

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The ecel mobile system, which was implemented in order to avoid reflecting global fluctuations in fuel prices and exchange rate movements to the consumer, has ended as of today.

The Presidential Decision on the subject was published in the Official Gazette.

With this Special Consumption Tax regulation, a new era has begun in gasoline and LPG.

Accordingly, the ecel mobile system application, which was put into operation in order to avoid reflecting global fluctuations in fuel prices and exchange rate movements to the consumer, has been completed as of today.

In order to combat inflation and prevent sudden price shocks in the market, the tax increase on gasoline was divided into months, similar to the regulation made for diesel in August.

LPG HAS BEEN RETURNED TO THE PRE-EŞEL MOBILE SYSTEM

In LPG, the system was returned to the pre-mobile system.

Accordingly, the Special Consumption Tax amount, which was last applied as 9.2190 lira per kilogram for LPG type goods within the scope of the ecel mobile system, was increased to the level of 11.3830 lira per kilogram before this system.

Due to this Special Consumption Tax regulation, an increase of approximately 1.48 lira is expected in the LPG autogas pump price as of today.

GRADED SCT AMOUNT ON FUEL

The 12.47 lira price increase in gasoline, which was expected due to the return to the pre-ecel mobile system, was prevented by bringing back the SCT gradually, not all at once.

With the end of the Esel mobile system, it was expected that an SCT increase of 10.39 lira per liter would be made on gasoline under normal conditions, the SCT amount would be 14.8277 lira, which was the amount before the esel mobile, and this would be reflected as an increase of approximately 12.47 lira in the pump price.

However, in order to reduce the price pressure in the market, a "gradual transition" model was introduced for gasoline, similar to the regulation made for diesel in August.

Accordingly, the SCT amount on gasoline was determined as 7.9000 lira per liter in October, 11.3600 lira in November and 14.8277 lira in December (pre-echelon SCT amount).

Due to this SCT regulation, an increase of approximately 4.15 lira is expected in the gasoline pump price as of today. Therefore, on October 1, the market price increased by 4.15 lira instead of 12.47 lira, and the increase was 8.32 lira less.

What to Watch

AI outlook — possibilities, not facts

  • There will be an increase of approximately 1.48 lira in LPG pump prices

    Very likely · Within days

  • There will be an increase of approximately 4.15 lira in gasoline pump prices.

    Very likely · Within days

Open Questions

  • What will be the impact of the new SCT application on inflation?
  • Are additional measures planned to complete the gradual transition model?
  • How will the fuel industry react to these changes?

Related Topics

This article was originally published by Habertürk Ekonomi.

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