Nicosia, Cyprus. Cyprus recorded one of the European Union’s highest annual increases in fuel prices in June 2026, with fuels and lubricants for personal transport rising 18.6 per cent from a year earlier. Retail fuel prices nevertheless continued to decline on a monthly basis across the EU.
Annual price increases
Eurostat data showed that fuel and lubricant prices across the EU increased by 13.7 per cent year on year in June, following annual rises of 20.8 per cent in April and 20.7 per cent in May.
Prices were higher than a year earlier in every EU member state, although the pace of annual inflation slowed in June after four countries recorded increases exceeding 30 per cent in May.
Bulgaria reported the highest annual increase in June, 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. Annual increases among the remaining member states ranged from 7.9 per cent in Spain to 18.6 per cent in Cyprus.
Monthly declines
Despite the annual increases, fuel prices across the EU declined in June compared with May.
Diesel prices fell by 6.4 per cent across the bloc, while petrol prices declined by 4.2 per cent. This followed a 5.8 per cent monthly fall in diesel prices in May, while petrol prices had risen by 0.8 per cent between April and May.
