Energy
8 years ago

Turkey's Fuel Market: Why Prices Are Skyrocketing and Solutions Needed!

SSRN Electronic Journal
Price Rigidity in Fuel Market: A Solution with a Different Geographic Market Approach
Şahin Ardıyok

Paper Summary

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The article discusses why fuel prices in Turkey are among the highest in the world and why price decreases are slower than increases. The high tax rates on fuel, reaching up to 65%, contribute to market imperfections in the country.