Bloomberg News

Turkish Natural-Gas Provider Increases Prices Up to 14% on Lira

October 01, 2011

Oct. 1 (Bloomberg) -- Botas Boru Hatlari Ile Petrol Tasima AS said it will raise residential natural-gas prices by 12.3 percent to 14.3 percent, citing increases on international markets and the declining value of the Turkish lira.

The new pricing will take effect today, the Ankara-based gas distributor said. Fees for industrial clients will go up 13.7 percent to 14.3 percent, Botas said.

--Editors: Torrey Clark, Alex Nicholson

To contact the reporters on this story: Emre Peker in Ankara at epeker2@bloomberg.net; Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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