Drinking water in Türkiye became more expensive by more than 100%

Published Dec 1, 2024

Tridge summary

The head of the Istanbul Water and Beverage Sellers Association, Ahmad Turan Akaya, has accused foreign brands of disregarding domestic pricing regulations and setting their own prices for water. He stated that local sellers adhere to tariffs, while those bringing water from other regions, such as Bursa and Sakarya, do not. Despite the absence of significant increases in fuel, water, or currency exchange rates, the price of water has risen twice in the last six months in some areas of Istanbul. Mehmet Bulent Deniz, the head of the Federation of Consumers Union, has labeled the price hike as unjustified and has called for an investigation. Both Akaya and Deniz have urged the Ministry of Commerce to curb price manipulation. The Turkish bottled water market is projected to grow by 1.6% in 2023, reaching a total volume of 10.8 billion liters and generating revenue of 31.1 billion liras.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Isna, Ahmad Turan Akaya, the head of the Istanbul Water and Beverage Sellers Association, said: Foreign brands ignore domestic pricing regulations and set their own prices. Those who sell water from sources in Istanbul comply with the tariff, while those who bring water from areas such as Bursa and Sakarya do not. Although there has been no significant increase in the price of fuel, water or currency exchange rates, the price of water has increased twice in the last six months. In some areas of Istanbul, the price of a 19-liter container of water has reached 140 liras (four dollars), and the average price of water is between 100 and 120 liras (2.8 to 3.2 dollars). Mehmet Bulent Deniz, the head of the Federation of Consumers Union, described the increase in prices as unacceptable and said that operational costs have not increased to justify such increases. A thorough investigation is necessary to understand the cause of these price increases. Both Akaya and Deniz have ...

Source: Isna