#fuel price

Retail fuel prices in Cyprus are currently at “acceptable levels”, taking into account the global uptick and compared to other EU countries, government officials told incredulous MPs on Tuesday. Director ...

Petrol station owners’ association chairman Christodoulos Christodoulou on Monday warned that prices at the pump will continue to increase this week, with the price of a litre of diesel having ...

Diesel prices reached a historic high on Friday, with the average pump price climbing to €1.997 a litre, prompting fuel industry groups to renew calls for a cut in VAT. Figures ...

With petrol prices already at an average of €1.7 per litre and diesel over €2, there seems to be no room for optimism regarding the trend prices will follow in the near ...

Finance Minister Makis Keravnos on Tuesday cautioned against “alarmism” regarding rising fuel prices, while an energy expert predicted that high prices at the pump would persist until mid-2027. Speaking on ...

The return of acute geopolitical risk to global energy markets is changing the way energy security is understood. The central question is no longer simply how to deliver energy as ...

The price of fuel at the pump is expected to increase further in the coming weeks, petrol station owners’ association chairman Savvas Prokopiou warned on Friday, with recent developments in ...

The reduction in excise duty on petrol and diesel will remain in place until November 30, Finance Minister Makis Keravnos announced on Thursday, extending a measure that was due to expire ...

A discussion is underway on how to cover the rise in fuel prices given that these are generated by international events that no one can control, Energy Minister Michalis Damianos ...

The reduction in fuel consumption tax will be extended for another one or two months, Finance Minister Makis Keravnos said on Tuesday, as the government moves to maintain relief at ...

Fuel prices in Cyprus are facing upward pressure, industry representatives said on Monday, after the international price of oil rose above $90 (€78) a barrel. Speaking on behalf of the petrol station ...

Petrol and diesel prices in Cyprus have risen by less than the European Union average, with the difference ranging from two to eight cents per litre, the Consumer Protection Service (...

Cyprus is among ten countries that believe the EU should reconsider a new carbon price on fuel, a stance that could divide the bloc. Cyprus, Greece, Bulgaria, Italy, Poland, the ...

Transport Minister Alexis Vafeades gave new reassurances on Tuesday that Cyprus faces no shortage of fuel stocks amid the continuing conflict in the Persian Gulf. Around 20 per cent of global ...

Fuel prices in Cyprus have fallen steadily in recent weeks but remain above the levels seen before tensions escalated between Israel and Iran, while uncertainty over developments in the region ...

The government will extend reduced fuel excise duties until September 17 at an estimated cost of €15.5 million after agreeing to prolong the measure beyond its original August deadline. As announced by ...

Drivers will continue to benefit from reduced fuel excise duties after the House unanimously approved a two-month extension of the measure on Thursday. The House passed the amendment with 38 votes ...

Fuel prices in Cyprus for cars and other vehicles rose by 20.5 per cent between May 2025 and May 2026, according to Eurostat data released on Monday. Fuel prices generally decreased throughout the ...

The preliminary agreement between the United States and Iran is expected to lead to further reductions in fuel prices, the energy ministry said on Monday. “There was a de-escalation in ...

Fuel prices in Cyprus are “not at a bad level” and current increases do not appear to be driven by profiteering, Energy Minister Michalis Damianos said on Monday, while officials ...

Cyprus is “in a less favourable position” than other countries inside the European Union regarding the security of its oil supply, Transport Minister Alexis Vafeades said on Monday. He did ...

Fuel prices may drop slightly, possibly as early as Wednesday or Thursday, Consumer Protection Service director Constantinos Karayiorgis said on Wednesday. Karayiorgis pointed out that this was a complicated sector ...

Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump’s assurances ...

Energy Minister Michalis Damianos said on Tuesday that stricter measures including a potential price cap could be imposed if profiteering is identified in the fuel market. Speaking on Sigma TV, ...