President Erdoğan’s post on energy prices

President Erdoğan’s post on energy prices

President Erdoğan: “We have taken and will continue to take very strong measures to protect our citizens from this extreme increase.”

In a post he shared on his social media account, President Recep Tayyip Erdoğan said, “The increase in the prices of all energy resources from oil to natural gas and coal all over the world has disrupted the balance in all spheres, from daily life to industrial production. We have taken and will continue to take very strong measures to protect our citizens from this extreme increase.”

Stating that the increase in the prices of all energy resources disrupted the balance in all spheres, President Erdoğan said that they took and would continue to take very strong measures to protect citizens from the extreme increase.

In the graph shared by President Erdoğan, it is stated that VAT on electricity used in residences and agricultural irrigation was reduced from 18 percent to 8 percent, and 82 percent of natural gas used in residences and 26 percent of natural gas used in electricity generation in the first five months of 2022 was subsidized.