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Weak TL Brings Fuel Sales Bonanza to TRNC

Weak TL Brings Fuel Sales Bonanza to TRNC

May 28
09:47 2018

Sales of fuel at TRNC petrol pumps have trebled, in particular at stations near the border. The fall of the lira against the euro, prompting Greek Cypriot motorists to fill up across the border, has given fuel sales a huge boost.

Fuel sales which normally average around 600 thousand litres a day, have risen three times in the past week to around 2 million litres.

According to the average rate, 1 litre of petrol costs 4.30 TL which corresponds to 0.79 Euro per litre.

So while, Turkish Cypriots are hit by the devaluation of the lira in cost of living terms, the upside is that sales to foreign currency holders have shot up.

Kibris Postasi