Diesel consumption tax suspended
Türkiye will temporarily eliminate special consumption taxes on diesel fuel for the rest of August before phasing them back in incrementally through the end of the year, Treasury and Finance Minister Mehmet Şimşek announced on Aug. 13.
The tax relief measure, enacted by presidential decree, aims to shield consumers and producers from global price spikes triggered by geopolitical tensions while curbing domestic inflationary pressures.
“We are using the fiscal space created through budget discipline and our fight against the informal economy to support the disinflation process,” Şimşek said in a statement on social media detailing the policy.
“By doing so, we aim to lighten cost pressures as well as reduce their impact on inflation expectations and pricing behavior.”
