Turkey Hikes Energy Prices

Turkey Hikes Energy PricesTurkey Hikes Energy Prices

Turkey will hike electricity and natural gas prices by 9 percent from October, Energy Minister Taner Yildiz said on Tuesday, blaming a weaker lira currency for the price hikes in the heavily import-dependent country. According to Reuters, much of Turkey's electricity is generated using natural gas, meaning the price rise is likely to have a significant impact on household energy bills.