The decision of regulating gasoline and diesel pricing with the introduction of ceiling prices, which was taken by Turkey's Energy Market Regulatory Authority, is an聽unlawful interference,聽said聽Turkish聽Gas Stations, Oil and Gas Company Employers' Union聽on Friday.
According to the Union's statement, the latest decision聽may put the gas stations聽in聽a disadvantageous聽position by limiting their flexibility to respond market fluctuations.
"EMRA's final decision will not contribute to free market. On the contrary, EMRA's decision聽will make it difficult to survive聽for the stations and companies聽in the fuel-oil market," the union said.
EMRA said in a press release on Thursday that in order to regulate gasoline and diesel oil pricing, "ceiling prices" would be applied to protect consumers and to regulate profit margins of fuel distributors and dealers in Turkey.
EMRA will monitor the compliance of the new ceiling price rule聽with聽a new methodology for profit margins in accordance with European market pricing. The new methodology came into effect on Nov. 7, 2014.
By Murat Temizer
Anadolu Agency
murat.temizer@aa.com.tr