🇹🇷

Turkey

Europe

Moderate

🇹🇷

Turkey

Moderate

AI Analysis · Updated daily

Turkey faces moderate risk, yet its energy security is severely challenged by a 90% oil import dependency and high Hormuz exposure, importing 93% of its oil. Gasoline prices have soared to $1.85/L, and the ongoing Lira depreciation amplifies the energy cost crisis, while fertilizer costs are up by 65%. With only 45 days of oil reserves, the country's economic resilience is being tested. The outlook suggests continued inflationary pressures and energy-related economic strain in the coming weeks.

$1.85

Gasoline /L

+30.3% vs pre-war

45d

Reserves

6 weeks

+18.5%

Food Inflation

Risk: moderate

90%

Oil Imported

Hormuz: high

Fuel Prices

USD primary · TRY (₺) local

Prices shown per litre. Local currency conversion uses live exchange rates.Last updated: Apr 27, 2026

Gasoline

$1.85/L

₺83.3/L

+30.3% vs pre-war

Diesel

$1.72/L

₺77.5/L

+30.3% vs pre-war

LPG / Autogas

$0.95/L

₺42.8/L

Jet Fuel (Jet A-1)

$1.28/L

₺57.7/L

Pre-war baseline (Feb 2026): Gasoline $1.42/L · Diesel $1.32/L · Current prices are 30.3% above pre-war levels

3-Month Price History

Pre-war baseline

Iran war starts (Feb 2026)

TRY · live rates

Strategic Reserves

Crude Oil Reserves

45days

6 weeks

1.5 months

Below average — Under 2 months

Source: IEA/EIA

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✈ Jet Fuel Reserves (Jet A-1)

22days

3 weeks

0.7 months

Low — Under 30 days

Source: Estimated from strategic reserves

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Energy Dependency Profile

Oil Import Dependency

90%

of total oil consumption

Hormuz Exposure

High

Strait of Hormuz risk

Food Import Dependency

30%

of food supply imported

Fertilizer & Food Security

Fertilizer Cost Change

+65%

vs pre-war (Feb 2026)

Food Inflation (YoY)

+18.5%

year-on-year CPI food

Food Security Risk

Moderate

FAO / WFP assessment

News: Turkey

Cop negotiations chief on how Iran war oil shock paves road to climate talks in Turkey

Exclusive: As countries meet at key climate crisis meetings, Australia’s Chris Bowen says war underlines need to move away from fossil fuelsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe fallout from the Iran war is driving countr

Guardian Environment·1d ago

On Iran’s Border, Cooking Oil Trade Is a Snapshot of the Country’s Struggles - The New York Times

On Iran’s Border, Cooking Oil Trade Is a Snapshot of the Country’s Struggles  The New York Times

Google News·2d ago

Trillion Energy (CSE:TCF) - Offshore Exit Unlocks 27M Barrel Turkey Oil Play - Crux Investor

Trillion Energy (CSE:TCF) - Offshore Exit Unlocks 27M Barrel Turkey Oil Play  Crux Investor

Google News·4d ago

Turkey says Iran gas pipeline contract nearing expiry, no talks yet on extension - Reuters

Turkey says Iran gas pipeline contract nearing expiry, no talks yet on extension  Reuters

Google News·9d ago

What levers can Turkey use against Israel if their war of words escalates? - Middle East Eye

What levers can Turkey use against Israel if their war of words escalates?  Middle East Eye

Google News·1d ago

Iran war sparks push to transform Syria into global energy corridor - Euronews.com

Iran war sparks push to transform Syria into global energy corridor  Euronews.com

Google News·3d ago

Somalia says it is set for 'historic' first offshore oil drilling with help from Turkey - BBC

Somalia says it is set for 'historic' first offshore oil drilling with help from Turkey  BBC

Google News·21d ago

Turkey Eyes Future of Key Iranian Gas Pipeline as Contract Expiry Nears - Pipeline Technology Journal

Turkey Eyes Future of Key Iranian Gas Pipeline as Contract Expiry Nears  Pipeline Technology Journal

Google News·5d ago

Turkish Foreign Policy - Middle East Institute

Turkish Foreign Policy  Middle East Institute

Google News·3d ago

Turkey’s Central Bank Holds Rates as It Gauges Higher Energy Prices - WSJ

Turkey’s Central Bank Holds Rates as It Gauges Higher Energy Prices  WSJ

Google News·4d ago

Government Response

Moderate response

Last updated: April 2026

Central Bank emergency rate adjustment to stabilise lira against energy import costs
Strategic reserve drawdown of 3 million barrels approved
Natural gas price cap extended for residential consumers
Accelerated TurkStream gas pipeline capacity utilisation
Fuel tax temporarily reduced 10% to ease consumer burden

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