Fuel Prices Decrease in Cyprus after Conflict
April 10, 2026
International fuel prices are decreasing after six weeks of conflict, raising hopes for lower prices in Cyprus. The Platts Basis Italy index shows a significant decline, with Brent crude oil prices now below $100 a barrel. Despite a reduction in the excise tax, consumers have not fully benefited from the price drop. Cyprus maintains competitive fuel prices compared to other EU countries. Ongoing monitoring indicates that price increases are justified based on cargo costs.