Diesel Prices Decouple from Oil: 61% Surge in Turkey, Record High in Europe

The 61% increase in diesel prices will raise energy and transportation costs in Turkey, increasing inflationary pressure. This situation will drive up overall costs, particularly in the logistics and manufacturing sectors, and may negatively affect corporate profitability. Record levels in Europe could create additional cost pass-through to Turkey through global trade and commodity prices. In the short term, market sentiment may remain under pressure due to energy cost and inflation concerns.

The news highlights that diesel prices have decoupled from oil prices and increased by 61% in Turkey. This situation gives mixed signals regarding crude oil demand; the increase in refinery margins may be slightly supportive for Brent in the short term, but the supply-demand balance is uncertain. Technical indicators are already weak: RSI at 34.6 is close to oversold territory, MACD is negative, and the price is below the 20 and 50-day moving averages. There has been a 1.34% decline in the last 24 hours, indicating that short-term downward pressure may continue. The impact of the news may be limited; the market will focus more on supply and demand dynamics.