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Posts Tagged ‘pay at the pump

LPG: rekor zam

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As Russia loses a reliable friend in Iran, it takes precautions in the Caucasus and re-engages with its energy clients. Today, a “yurtdışı maliyetlerdeki artış” (foreign price increase) is blamed for a sharp, overnight rise in the price of LPG (Liquified Petroleum Gas) in Turkey.

Turkey has been meddling in the Caucasus over the past few days, seeking to begin a settlement the Nagorno-Karabakh dispute between Azerbaijan and Armenia, with hopes for its own normalization (?) with Armenia. Russia is not interested in settling this dispute, much less doing so to Turkey’s advantage.

The vast majority of Turkish energy is imported from Russia.

Over a third of Turkish passenger cars use LPG otogaz.

LPG’ye gece yarısı 30 kuruş zam
İsmail Altunsoy, Zaman, 3 Aralık 2013

LPG vehicle owners awoke this morning to a record price increase. LPG’s per-liter price rose by 30 kuruş  [$0.15]. Along with the increase, the price of one liter of LPG in Istanbul climbed from 2.81 to 3.11 lira; in Ankara, from 2.61 to 2.91 lira. This most recent increase is the greatest one-time price increase made to LPG in history.

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Written by M. James

December 3, 2013 at 3:17 pm