Heating Oil Price Increase: Preparing for a Challenging Winter
October 6, 2026
This winter is expected to be challenging for citizens due to a 75% increase in heating oil prices compared to last year. Consumers will have to pay over 200 euros more for the same quantity of oil they bought last year. Many may need to limit their central heating usage or seek alternative heating methods. In Cyprus, 62.9% of energy for heating comes from oil derivatives. Consumers are contemplating when they should order heating oil.