Impact of Middle Eastern Crisis on Fuel Prices in the EU
March 12, 2026
The rise in oil prices due to the crisis in the Middle East has caused concern in Europe. Some EU countries, such as Greece and Croatia, have imposed caps on gasoline and diesel prices to protect their citizens. Cyprus is monitoring the situation but has not yet made decisions on measures such as setting price limits or reducing taxes. Average gasoline prices in Cyprus have increased slightly, and further increases are expected if the conflict does not de-escalate. Statistics indicate that consumers should prepare for more price hikes.