Cyprus Mail

‘Fuel prices increased dramatically between January and May’

The price of fuel increased considerably between mid-January and the end of May, the Cyprus Consumers Association announced on Monday.

In less than five months the price for 95 petrol increased by 16.9 cents a litre, that of heating oil by 10.9 cents a litre and the price of diesel by 10.6 cents per litre, the association said.

Consumers paid €36,945 more in May than in April in total for petrol and diesel, €15,997 for 95 octane petrol and €20,948 for diesel.

Compared to January, the price increase meant they paid €209,602 more in May in total, €144,084 for gasoline 95 and €65,518 for diesel.

The association also compared fuel prices with those in the European Union.

“In May 2019, the average retail price of 95 gasoline with taxes was €1.487 per litre in the European Union, and in Cyprus it was €1.245 cents while EU fuel oil was €1.379 cents a litre and in Cyprus it was €1.268 cents.”

Heating oil in the EU was €0.843 cents on average and in Cyprus €0.847 cents.

“The average retail price of gasoline 95 in the EU, excluding taxes, was €0.610 cents a litre, and €0.607 cents in Cyprus, EU diesel was €0.640 cents a litre and €0.665 cents in Cyprus, while the price for heating oil in the EU was €0.591 cents and €0.627 cents in Cyprus.”


Related posts

Bill to simplify procedures for large-scale investments nears completion

Lizzy Ioannidou

Drunk driver arrested after injuring girl

Annette Chrysostomou

Teaching union snubs parents’ association in growing divide over work stoppage

Annette Chrysostomou

Students join worldwide protests against climate change

Staff Reporter

Britain’s Thomas Cook scrambles for $250 mln to avert collapse

Reuters News Service

News podcast: Will the European Rally Championship be decided in Cyprus next weekend?

Rosie Charalambous