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Turkey's regulated gas prices were reduced by 10pc for residential and industrial users from 1 October, energy minister Berat Albayrak says. But the cut will not be reflected in regulated power tariffs, he says. The minister had signalled in late July a "significant" cut in gas prices ahead of winter. Most power market participants expected a gas cut between 7pc and 10pc, an Argus survey had showed. Turkey will receive a 10-15pc retrospective discount for Iranian gas imports following an international court of arbitration ruling in its favour earlier this year.
