Türkiye raises fuel tax by 200% to fund earthquake damage

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Turkey boosted its fuel taxes by nearly 200% on Sunday, in a move that will add to inflationary pressures and further strain household budgets.

New special consumption taxes on various types of fuel – including petrol and diesel – have been published in the Official Gazette.

Sources

1/ https://Google.com/

2/ https://www.bloomberg.com/news/articles/2023-07-16/turkey-hikes-fuel-tax-by-200-to-finance-earthquake-damages

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