Fuel Price Hikes and Government Measures
April 1, 2026
Fuel prices in Cyprus have dramatically increased in the past month due to the war in Iran, with rises reaching up to 44 cents per liter for diesel. The government is considering measures to mitigate the impact on consumers, but allegations of profiteering are on the rise. Political figures express concerns about the state of the market and the effectiveness of regulatory bodies. Prices for unleaded 95 and diesel fuel have reached record highs, placing additional strain on consumers. The Electricity Authority anticipates slight reductions in electricity bills due to a VAT decrease.