The developments in fuel prices are followed closely by the citizens. While the successive hikes in gasoline and diesel were changing the signs, a new price hike came in. With the entry into force of the ceiling price application for Russian oil, Russia took action immediately. Russia could cut oil production by up to 7 percent by early 2023, in a move to push oil prices back up. This means a hike in fuel prices. Here are the details…
While the news of the increase in gasoline and diesel fueled prices, the move from Russia ignited oil prices. With the entry into force of the ceiling price application for Russian oil, Russia’s retaliation was not delayed. Russia, oil pricesIt could reduce oil production by as much as 7 percent by early 2023, in a move that will boost oil production again. With this move, a whopping increase in gasoline seemed. Such a raise has not been seen, fill your warehouses already. Alright gasoline And is there any news of an increase or discount in diesel prices? What are the prices of gasoline, LPG and diesel on December 24, 2022? Here are the current fuel news…
Russia’s Deputy Prime Minister, Alexander Novak, speaking to the country’s television, said that oil production could be reduced by 5-7 percent in early 2023, as his country responds to the ceiling price application on crude and refined products and stops sales to countries that support the new regulation.
‘WORLD NEEDS RUSSIAN ENERGY’
Speaking for the first time about Russia’s reaction to the ceiling prices imposed by the West upon Moscow’s invasion of Ukraine, Novak said the cuts could reach 500 thousand to 700 thousand barrels per day. He also said that despite Europe’s efforts to reduce reliance on Russian oil and gas, energy exports from Russia are in demand worldwide and Moscow is diversifying its buyers.
Novak said it would be difficult to achieve global economic development without Russian energy and warned that there may be gas shortages in Europe, which imposes restrictions on gas prices as well as oil.
Russian President Vladimir Putin said on Thursday that he will issue a decree early next week in response to Moscow’s price ceiling. Novak said the decree would ban the sale of oil and petroleum products to countries participating in the price ceiling and to companies that demand compliance with it.
He also said that Russian oil production is expected to increase from 524 million tons in 2021 to 535 million tons this year, while natural gas production will fall by one-fifth to 671 billion cubic meters.
BROUGHT TO LIFE ON DECEMBER 5th
In addition to the European Union’s embargo on imports of Russian crude oil by sea and similar commitments by the United Kingdom, Canada, Japan and the United States, the European Union, G7 countries and Australia imposed a ceiling price of $60 per barrel as of December 5.
24 DECEMBER 2022 CURRENT FUEL PRICES
İSTANBUL CURRENT GASOLINE AND MOTORINE PRICES
- Gasoline price on the Anatolian side: 18.59 TL
- Anatolian side diesel price: 22.05 TL
- European Side gasoline price: 18.58 TL
- European Side diesel price: 22,03 TL
CURRENT GASOLINE AND MOTORINE PRICES IN ANKARA
- Gasoline price: 18.80 TL
- Diesel price: 22.22 TL
IZMIR CURRENT FUEL PRICES
- Gasoline price: 18.79 TL
- Diesel price: 22.32 TL