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Dizzying fuel hikes fan popular grievances in Turkey

With Turkey’s consumer inflation already at 54.4%, price increases on fuel alone threaten to add two percentage points to the monthly inflation rate in March.
OZAN KOSE/AFP via Getty Images
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A seemingly endless stream of fuel price hikes has sparked a nationwide outcry in Turkey, where the surge in global energy prices has been amplified by the depreciation of the Turkish lira, with annual inflation already at 54.4%.

Since Russia’s incursion into Ukraine on Feb. 24, Turkish consumers have struggled to keep up with the hikes on gasoline and diesel, including a string of increases announced over six days in a row this month. 

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