TUPRAS puts up wholesale oil prices

In a written statement issued by Tupras it said that there would be an increase of 7.5 percent for fuel oil prices. The announcement comes just a week after the refiner had cut prices by 4.7 percent, resulting in a one percent reduction to consumers.
However, the Oil Industry Association highlighted that the largest component of oil prices was represented by taxes. The association said that 74 percent of the price of petrol and 65 percent for diesel was made up of taxes.