Türkiye has reduced the special consumption tax (ÖTV) on diesel to zero for the remainder of August as part of measures to limit fuel-related cost and inflation pressures.

The Treasury and Finance Ministry has completed preparations to reduce the special consumption tax on diesel as it seeks to limit the domestic impact of rising global oil prices,…

Türkiye will scrap a special consumption tax (ÖTV) on diesel until the end of this month, according to a presidential decree published in the...