North Cyprus News | Online News for North Cyprus

The only way is up for petrol prices in TRNC

The only way is up for petrol prices in TRNC

September 21
11:31 2013

Petrol prices have been rising in Turkey all year due to the weakening Turkish lira and oil price increases.

However, since mid-September this trend has reversed following the easing of tensions in Syria. Consequently petrol prices in Turkey have fallen over the past week.

Strangely though, prices in the TRNC which followed the Turkish prices up have not followed them down.

During its last period in government, the UBP party linked petrol prices in the TRNC to automatically follow petrol prices in Turkey. This move saved them from the likelihood of criticism following any announcement of price increases.

However this system only seems to work in one direction -when prices go up.

 

Local Weather

Kyrenia, Cyprus
13°
14°
Fri
15°
Sat
16°
Sun
18°
Mon
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.8212
EUR
EUR
4.6708
GBP
GBP
5.2746

Upcoming Events

  1. Whirling Dervish

    January 18
  2. Famagusta Market

    January 18
  3. Whirling Dervish

    January 19
  4. North Nicosia Walking Tour

    January 19