HomeWorldTurkey's year of price hikes: Goods and services surge to record levels...

Turkey’s year of price hikes: Goods and services surge to record levels in 2024

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Natural gas

Natural gas was provided free of charge to all residential consumers for one month before the May 2023 elections, and up to 25 cubic meters per month of consumption was not billed until the end of April 2024. With the completion of the May 2023 General Elections and the March 2024 Local Elections, natural gas also saw a price increase.

Thus, as of Aug. 1, 2024, the price of natural gas used in homes increased by 38%. As of August, the wholesale price of natural gas used in homes increased by 38%, and the price of natural gas used by free consumers with an annual natural gas consumption of 300,000 cubic meters or less, excluding electricity generation, increased by 33.1%.

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