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Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages
Politics

Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages

July 16, 2023 admin-dominor

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Turkey boosted its fuel taxes by almost 200% on Sunday, a move that will magnify inflationary pressures and further strain household budgets.

The new special consumption taxes on different types of fuel — including gasoline and diesel — were published in the Official Gazette.

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