Fuel prices may rise further as Cyprus records increases since July
Consumer protection service director Constantinos Karagiorgis warned that fuel prices could increase further, as the government considers measures to address rising costs.
Nicosia, Cyprus. Fuel prices may rise further unless current trends change, Consumer Protection Service director Constantinos Karagiorgis said on Monday. He said incoming fuel stocks could bring additional increases.
Price increases since July
According to Consumer Protection Service data, fuel prices have been rising since July 13. Unleaded petrol has increased by 16 cents per litre, while diesel has risen by 31.8 cents per litre.
Heating oil has increased by 13.7 cents per litre over the past month and a half.
Current nationwide prices
As of Monday, the nationwide average price of unleaded 95 petrol was €1.625 per litre, ranging from €1.545 to €1.718.
The average diesel price was €1.884 per litre, with prices ranging from €1.795 to €1.989 at petrol stations.
Heating oil averaged €1.50 per litre, with prices between €1.389 and €1.655.
EU comparison and government measures
Data from August 31 showed Cyprus had the third-lowest price for unleaded 95 petrol in the European Union, behind Malta and Bulgaria. Diesel prices were the eighth lowest in the EU.
Energy Minister Michael Damianos said on Sunday that discussions were underway on measures to address rising fuel prices, with decisions expected by September 17.
He said the government had already introduced measures to reduce electricity and fuel costs, which were due to remain in force until September 17.
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