5 Minute News

Update on Fuel Prices in Cyprus and the Actions of the Consumer Protection Service

October 6, 2026

The Consumer Protection Service stated that there is no evidence of price gouging concerning fuel price increases in Cyprus. The prices are lower than the EU average, and Cyprus consistently ranks among the lowest in Europe. They are monitoring the fuel market, and the investigation into prices will continue in 2024. There is concern over reduced tax revenues due to price increases. Lawmakers are calling for more data regarding actual fuel prices.