Turkey may raise gas prices by an additional 15 percent after raising them by 18.7 percent on April 1 to avoid losses at the state-run provider, Haberturk reported, citing unidentified Energy Ministry officials.
State-owned pipeline company Boru Hatlari Ile Petrol Tasima AS, also known as Botas, has been selling natural gas at a loss as oil prices rise and the lira depreciated against the dollar, the Istanbul-based newspaper reported.
The loss is estimated at about 350 million liras ($169 million) in the first three months of the year following a 1.3 billion liras loss in 2011, Haberturk said.
Energy Ministry officials had calculated before the April 1 price increase that Botas would need to raise the price at which it sells natural gas to Turkish consumers by 35 percent, Haberturk said.
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