Increase in fuel prices and its economic effects
March 10, 2026
Fuel prices in Cyprus are rising, with an increase of 2.6-4.7 cents per liter in the last ten days. International oil prices have surpassed $115 per barrel, which will lead to further increases. Reports indicate that refinery prices have increased by up to 55%. These increases will impact not only fuel prices but also electricity and food costs. The coming days will be marked by uncertainty due to geopolitical tensions.