22 petrol stations fail to reflect full heating fuel tax cut in prices

Nicosia, Cyprus. The consumer protection service said 22 petrol stations had not fully reflected a heating fuel tax cut in their prices by Friday noon. The lower tax took effect earlier that day.

Price checks at 290 stations

Of the 290 stations checked, 268 had lowered prices by a minimum of 6.39 cents per litre, the service reported.

At the other 22, reductions were below 6.39 cents per litre or prices remained unchanged. Some stations had raised their prices, according to the service.

The service said a table published on its website listed petrol stations alongside their prices so consumers could compare changes after the tax cut.

Tax relief approved by House

The House approved the heating fuel tax reduction on Thursday. It formed part of a package announced in late September aimed at easing living costs.

The cut amounts to 5.3 cents per litre and is scheduled to apply until April 30, 2027. The government puts the resulting loss of tax revenue at approximately €5.2 million.

MPs from across the political spectrum backed the measure during Thursday’s House debate, though some argued that it was insufficient and had come too late.