Tüpraş Refining Margins (August 2025)
Tacirler Investment
Tüpraş announced its August product margins. In middle distillates, the diesel margin fell 16% m/m and the jet fuel margin declined 9% m/m; in light distillates, the gasoline margin recovered 14% m/m. The fuel oil margin came in at −$6.8/bbl. Despite the pullback in diesel and jet fuel, margins across the product slate remained above their 5-year averages.