Forecasts for Fuel Price Increases in Cyprus
June 13, 2025
A sharp increase in fuel prices is expected in Cyprus due to rising international oil prices, triggered by tensions in Iran. The President of the Fuel Providers Association warns that these increases might become noticeable in 10-15 days. Economist Tasos Yasemidis states that the situation will depend on the extent of military conflict. These rising prices create fears of potential political instability, leading to increased safe investments in gold.