Turkey has raised the prices of natural gas for homes, industry and electricity production, as the price for homes increased by 30%, according to the state-owned BOTAŞ company, which is responsible for importing energy.
The price of natural gas used in industry has increased by 40% for those who consume less than 300,000 cubic meters per year, and by 10% for those who consume more than that amount.
Botas also said that natural gas prices for electricity production rose by 16.3%, according to CNBC Arabia.
Separately, the country's Electricity Market Regulatory Authority raised electricity prices by between 15% and 25%, according to an announcement in the Official Gazette.
Turkey imports nearly all of its energy, making it vulnerable to large price fluctuations.
Rising global energy costs in recent months have increased pressure on Botas to raise prices.
