Türkiye cuts natural gas and power prices for industry from Jan. 1
"The price of natural gas has been decreased between 13.10% and 25.11% for industrial users compared to November 2022," Turkish President Recep Tayyip Erdoğan said in a social media post on Saturday.
- Economy
- Reuters
- Published Date: 04:55 | 31 December 2022
- Modified Date: 04:55 | 31 December 2022
Türkiye will cut natural gas prices for industrial consumers by as much as 25% and reduce their electricity prices by 16% from Jan. 1, President Recep Tayyip Erdoğan said on Saturday.
"The price of natural gas has been decreased between 13.10% and 25.11% for industrial users compared to November 2022," Erdoğan said in a tweet.
Natural gas prices for electricity production were cut by 12.73%, Erdogan said, adding that electricity prices would fall by 16% for industrial users, a measure announced by the head of the EPDK energy regulator on Friday.
Erdoğan added that natural gas prices for places of worship would fall 42.73%, also effective Jan. 1.