OUR PRICING POLICY FOR FUEL AND LPG/AUTOGAS
The main purpose of the Petroleum and LPG Market legislation is to ensure the secure and economically efficient supply of petroleum, sourced both domestically and internationally, to end users within a competitive market environment; to facilitate the formation of product prices in petroleum and LPG trading in accordance with the prevailing conditions of the nearest accessible global free market; to ensure the submission of information stipulated by the legislation to the Energy Market Regulatory Authority (EMRA) and other relevant parties, as well as its disclosure to the public; and to maintain market activities are conducted in a transparent, equitable, and stable manner.
In accordance with the Petroleum and LPG Market Law and secondary legislation, product prices are formed under free market conditions, and the pricing methodology stipulated by the legislation is based on the closest accessible global free market price.
Our company, acting in compliance with the Petroleum and LPG Market Law, the decisions of EMRA, relevant legislation, and free market conditions, establishes its own sales prices in accordance with the applicable pricing methodology. Furthermore, for the purpose of supplying petroleum products to consumers, our company publishes the “recommended” or “ceiling (maximum)”* pump prices determined for its dealers on its official website.
The recommended retail fuel pump prices set for dealers are indicative and are not mandatory. Dealers are free to set their own pump prices in accordance with free market, competitive, and operational conditions.
In accordance with the applicable LPG legislation, distributors are obliged to notify EMRA of the maximum prices pertaining to their licensed market activities, taking into account price formations in the accessible global free markets. Within this framework, distributors are required to submit the maximum pump prices they determine on a provincial basis to EMRA and to publish such prices via online platforms. In this regard, our company, Petrol Ofisi, determines and publishes a “ceiling (maximum) pump price” for the retail supply of autogas to consumers through its dealers, in conformity with the relevant legislation and free market conditions. These ceiling (maximum) pump prices constitute the highest permissible retail price. Dealers remain free to determine their own pump prices, provided such prices do not exceed the applicable provincial ceiling price, and in accordance with market competition and their operational considerations.
