Nicosia, Cyprus. Petroleum product sales in Cyprus fell by 8.0 per cent year on year to 129,479 tonnes in June 2026, according to the state statistical service, Cystat. The decline came as the fuel market continued to adjust to higher prices and geopolitical uncertainty following the conflict in the Middle East.
Fuel price increases
Cyprus recorded one of the highest annual increases in fuel prices in the European Union, despite retail prices easing in recent weeks from peaks triggered by tensions between Israel and Iran.
Eurostat data showed that the price of fuels and lubricants for personal transport in Cyprus was 18.6 per cent higher in June 2026 than a year earlier.
Across the EU, fuel and lubricant prices rose by 13.7 per cent year on year in June, following increases of 20.8 per cent in April and 20.7 per cent in May. Although prices were higher than a year earlier in every member state, the pace of annual growth slowed in June.
EU comparison
Bulgaria recorded the highest annual fuel price increase, at 26.0 per cent, followed by Lithuania at 23.5 per cent, Romania at 23.1 per cent, Finland at 22.0 per cent and Luxembourg at 20.7 per cent.
Cyprus was among the countries with the strongest annual increases. Hungary recorded the smallest rise at 2.3 per cent, followed by Poland at 5.8 per cent. Among the remaining EU countries, increases ranged from 7.9 per cent in Spain to 18.6 per cent in Cyprus.
Sales categories
Cystat’s latest report showed declines across most categories of petroleum products sold in Cyprus during June.