‘Big Companies Behind Price Increase’

Cengel disclosed that oil reserves are gradually diminishing, and this situation therefore makes oil more valuable. He does not expect the price to decrease any time soon.

Cengel reminds that Turkey meets 90 percent of its oil needs from abroad, which means that Turkey will now have to pay more for oil imports. "I think the government will not be able to subsidize this situation any longer, and most probably it will rectify this by increasing the prices of oil products."