Türkiye absorbed fuel shock through tax cuts, says Şimşek
Hürriyet · 6 May 2026

Türkiye absorbed fuel shock through tax cuts, says Şimşek

Türkiye’s fuel tax adjustment mechanism cost the budget 90 billion Turkish Liras, or about $2 billion, in its first two months, Treasury and Finance Minister Mehmet Şimşek has said.


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