#fuel price

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, ...

A portion of the government’s fuel subsidy introduced last week was not passed on to consumers, but instead “unjustifiably absorbed” by petrol stations, the Cyprus Consumers Association said on ...

Five European Union countries are calling for a windfall tax on energy companies’ profits in reaction to rising fuel prices due to the Iran war, according to a letter from ...

Cuts to value added tax (VAT) on fuel would not comply with European Union law, the European Commission said on Wednesday, as governments across Europe attempt to combat spiking fuel ...

European Union governments should prepare for a “prolonged disruption” to energy markets as a result of the Iran war, the bloc’s energy chief has told countries’ ministers ahead of ...

Australian Prime Minister Anthony Albanese said on Monday the government would halve the excise on fuel and diesel and remove the heavy road user charge for three months to help ...

Consumer fuel prices jumped by the largest amount seen in the last three years during business hours on Thursday, consumers’ association chairman Marios Drousiotis said, with the impact of the ...

Consumers should brace for fuel price fluctuations, with the overall trend going up, the head of the petrol stations association said on Tuesday. As long as the war in the ...