Rising Fuel Prices in Cyprus
March 21, 2026
The Cypriot economy is entering a state of emergency due to rising fuel prices prompted by international oil prices. Attacks on energy infrastructure have led to significant price increases in Cyprus, with gasoline and diesel prices having risen dramatically. Gasoline prices have increased by 14.7 cents per liter, and diesel by 24 cents per liter. This situation is causing stress for transport professionals, affecting production and transportation costs. The government is preparing to reduce consumption taxes to help alleviate the burden on citizens.