Turkey Hikes Special Consumption Tax for Fuels by 6%: Anadolu

Turkey increases special consumption tax for fuels 6%, slightly less than automatic hike which is based on producer inflation, according to state-run news agency Anadolu.

• “We made an even lower increase than the 5-month PPI. We are giving up about 12b liras of tax” Anadolu cites Treasury and Finance Minister Mehmet Simsek as saying
• NOTE: Usually, Turkish fuel tax increase is set two times in a year, in line with Jan.-Jun. and July-Dec. producer inflation. PPI increased by 7.12% between Jul.-Nov.
• NOTE: Turkey’s Simsek Vows to Heed Inflation Target With Tax Increases

To contact the reporter on this story:
Baris ...