Special Consumption Tax (OTV) revenues from natural gas and oil products constituted half of Turkey's OTV earnings in the first half of 2015, according to the country's Ministry of Finance.
In the first six months of this year, OTV revenues from natural gas, oil and petroleum products rose to 23.7 billion Turkish liras, or 12.5 percent, compared to the same period last year when they were 21.1 billion liras.
Earnings from OTV totaled 48.5 billion liras in the first half of 2015, of which 49 percent came from these products.
Meanwhile, the highest increase in OTV revenues in the first half of this year was in motor vehicles.
OTV revenues from motor vehicles reached to 7.4 billion liras with a 50.2 percent rise, compared to the first half of last year. It was recorded as 4.9 billion liras for the first six months of last year.
A 50.8 percent increase in automobile and light commercial vehicles sales in the same period is the main reason for the rise of OTV revenues from motor vehicles, according to the ministry.
Reporting by Sahin Oktay
Writing by Ovunc Kutlu, Ugur Serhan Ozcan
Anadolu Agency
ugur.ozcan@aa.com.tr