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ISTANBUL, April 1 (Reuters) – Turkish state-owned energy importer BOTAS said late on Thursday that natural gas prices for industrial facilities has been raised by 50% and for households by 35%.
BOTAS also said natural gas prices for electricity production was raised by 44.3% as of April 1.
Turkey imports almost all of its energy needs, leaving it vulnerable to big price swings. Its energy costs started rising in September and surged 212% year-on-year in the first two months of 2022 to $16.8 billion, government data showed.
BOTAS’ purchases of foreign currencies from the central bank have hit record highs in recent months due to soaring energy prices. read more
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Reporting by Orhan Coskun; Writing by Ali Kucukgocmen; Editing by Muralikumar Anantharaman
Our Standards: The Thomson Reuters Trust Principles.
Register now for FREE unlimited access to Reuters.comISTANBUL, April 1 (Reuters) – Turkish state-owned energy importer BOTAS said late on Thursday that natural gas prices for industrial facilities has been raised by 50% and for households by 35%.BOTAS also said natural gas prices for electricity production was raised by 44.3% as of April 1.Turkey imports almost all of its energy needs, leaving it vulnerable to big price swings. Its energy costs started rising in September and surged 212% year-on-year in the first two months of 2022 to $16.8 billion, government data showed.BOTAS’ purchases of foreign currencies from the central bank have hit record highs in recent months due to soaring energy prices. read more Register now for FREE unlimited access to Reuters.comReporting by Orhan Coskun; Writing by Ali Kucukgocmen; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.