Listen to the news

Turkish authorities on Thursday raised electricity and natural gas prices for households by around 20% and for industry by as much as 50%, which is expected to put further pressure on inflation, which reached nearly 80% in July, reports Reuters.

Turkey's energy regulator EPDK said it had raised electricity prices for homes by 20 percent and for industrial power by 50 percent.

Europe saw record high electricity prices in August

At the same time, the state-owned energy importer Botas announced that it had increased the price of natural gas for domestic use by 20.4%, with small to medium-scale industrial customers increasing by 47.6% and large industrial users - by 50.8 percent.

The price of gas, used for the production of electricity, has been increased by 49.5%, Botash - the state oil and gas company - also indicated.

electricity and heating prices

sharp jump