Energy Minister DOnmez: Natural gas is 59 percent cheaper than it should be

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Energy and Natural Resources Minister Fatih DOnmez, considering the exchange rate change rates, said that natural gas is 59 percent cheaper than it should be.

CHP Istanbul Deputy Contact Gursel directlyanswering Minister of Energy and Natural Resources Fatih DOnmez"Natural gas is 15 percent cheaper than it should be when inflation rates are taken into account, and 59 percent cheaper than it should be when considering the exchange rate change rates," he said.

DOnmez defended the following views:

"In the 37-month period between October 1, 2014 and December 1, 2017, no increase was observed in the wholesale prices of natural gas. On the contrary, as of October 1, 2016, 10 percent of the wholesale prices of natural gas for subscribers and eligible consumers were used for electricity generation as of November 1, 2018. 8.82 percent for gas consumers, 10 percent for subscribers as of January 1, 2019 and 3.03 percent for consumers using gas for electricity generation as of September 1, 2019. Considering inflation rates for October 2019 and September 2019 inflation rates, 15 percent more than it should be, and the exchange rate changes are 59 percent cheaper than it should be taken into account.



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