Cyprus Mail
Cyprus

Call for cut to price of fuel

Consumers on Tuesday slammed fuel companies for not reducing pump prices to correspond to the international price of crude.

The consumers and quality of life union said the one cent reduction applied last week by some of the companies was a mockery.

After recent hikes, around two months ago, the international price recorded a significant drop, something that would justify more gradual reductions. “If of course they followed the same practice with which they hike them,” a written statement said.

In recent days, the price of Brent has been stuck at 42-43 dollars, justifying a pump price reduction of around five to seven cents, the union said.

It said it wanted an explanation why nothing has changed in the way pump prices were set and also wondered when the government planned to cut consumer tax on fuel.

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