Inflation data for May is due to be released on June 5. Turkish President Recep Tayyip Erdogan pledged in April to provide 25 cubic meters of natural gas to families free of charge, for one year.
This will have a significant impact on reducing the inflation rate in May, according to the Turkish Institute of Statistics and Meteorology. About 230,000 barrels per day of Russian "Ural" crude were loaded for delivery to Turkish ports in May. This is the highest level since October last year and about double April's supply.