#fuel prices

The energy ministry on Sunday called on oil traders to demonstrate the “maximum responsibility” as the conflict in the Middle East sent oil prices soaring over the weekend. Meanwhile, the ...

The government will next month invite tenders for the development of a new system monitoring retail fuel prices that will use artificial intelligence to track irregular market fluctuations, the energy ...

Members of the House ethics committee on Wednesday called on the competition commission to be harsher on companies and more vigilant in its efforts to ensure healthy competition in Cyprus’ ...

Suspicions remain that the fuel market is not as competitive as it could be, driving prices up for consumers, MPs said on Tuesday. Parliamentarians again called for “a policy to ...

Authorities need to investigate why different cities have different petrol prices, the Cyprus Consumers Association said on Tuesday. Paphos has the highest average price for all fuel, while Famagusta has ...

No evidence has come up concerning the existence of cartels or cartel-like behaviour in the retail fuel market or the banking industry, the Commission for the Protection of Competition (CPC) ...

Fuel import prices in Cyprus, excluding taxes, show unexplained variations, according to a statement released by the Cyprus Consumers Association on Monday. The association said that “in almost all cases, ...

Fuel prices surged on Monday following the termination of the government’s reduced tax measure on petrol and diesel, resulting in an average increase of 8.3 cents per litre. In addition ...

The Cyprus Consumers’ Association (CCA) on Monday called for transparency on fuel prices, asking the fuel monitoring authority to explain why pre-tax fuel prices from October to December 2023 deviated significantly ...

The government on Friday welcomed the unanimous approval by the House of Representatives of the bill reducing fuel tax rate, aiming to relieve Cypriot consumers in a period of inflation. ...

The retail price of petrol has dropped by 8.33 cents per litre after the House of Representatives unanimously passed a law to slash fuel duty on Thursday. The reduced fuel tax ...

A new carbon tax is on the way, the government confirmed on Tuesday, at a time when households are already heaving under the pressure of rising fuel prices impacting the ...

Drivers got hit with substantial price hikes at the petrol pump on Tuesday, with officials saying the public should probably brace for even more bad news. Spokesman for the association ...

The additional 8.3 cents per litre on petrol came into effect across the island as of 8:30am on Saturday, according to Marios Drousiotis, head of the consumers association. The average fuel ...

Fuel prices have been significantly reduced and the government will review continuing a VAT cut, which expires on June 30, Finance Minister Makis Keravnos said on Friday. Parties have already filed ...

The price of holidays from Britain has risen by 44 per cent in the last year, including to Cyprus, which has gone up 15 per cent, it emerged on Thursday. Air tickets ...

By Elias Hazou and Iole Damaskinos A rise in the cost of electricity is inevitable for Cyprus beginning in early February, due to the country’s reliance on electricity production ...

While unleaded 95 petrol prices on the island have increased by 0.9 cents per litre, heating oil and diesel price registered a sharp reduction of 4.2 and 1.4 cents per litre respectively, according to ...

Cabinet on Friday extended a cap on the consumption tax imposed on fuel at the pump until January 15, 2023. The cabinet meeting, chaired by acting president and house president Annita Demetriou, ...

Decreases in fuel prices have been observed, with further price reductions expected in the coming days. According to a report aired on Cybc, from July 12 to date, the price of ...

Parliament on Thursday voted through a legislative proposal that empowers the government to order a price cap on petroleum products, and also passed bills cutting to zero the VAT charged ...

The price of diesel at the pump is a hair’s breadth away from €2 a litre according to the latest price observatory issued by the consumer protection service of the ...

The Greens have proposed free bus travel for all as way of dealing with the rising cost of fuel and persuading people to use public transport. Instead of reducing the ...

Runaway fuel prices, depleted stocks, and dwindling interest in the profession are sinking the island’s fishing sector Spiraling fuel prices are the last straw for the island’s fishermen ...