Motorists in Cyprus could see further relief at the pumps, as fuel prices are expected to continue falling over the next few days, according to petrol station operators.
Speaking on the Protoselido programme, Christodoulos Christodoulou, spokesperson for the Petrol Station Owners Association, said prices had already decreased, with further reductions expected within the next two to three days.
Heating oil prices are also expected to fall, although by a smaller margin. Reductions are likely to be gradual, ranging from one to three cents per litre.
Christodoulou urged consumers to remain patient, expressing confidence that fuel prices would continue moving downwards.
High prices affect fuel sales and consumer spending
The association’s spokesperson also highlighted the impact of rising fuel prices on petrol station sales, saying consumers are being forced to cut back on both fuel purchases and travel.
He explained that someone who previously spent €20 on approximately 14 to 15 litres of fuel can now afford only nine, 10 or 12 litres, depending on the price.
As a result, motorists are adjusting their journeys to match their financial circumstances and maintain the same monthly fuel budget.
Concerns over fuel purchases in the occupied areas
Christodoulou also expressed concern over the growing purchase of fuel from the occupied areas, warning that the issue could become more pronounced following the opening of new crossing points.
He argued that this would make it easier for significant amounts of money to be transferred to the occupied areas through purchases of fuel, as well as other products and goods.
He further suggested that new petrol stations could soon be established in the occupied areas, close to crossing points, claiming that such developments were already planned.
Current fuel prices in Cyprus
Providing an update on prices, Christodoulou said 95-octane petrol was selling at approximately €1.65 per litre, down from €1.73–€1.74 around 15 days ago.
Diesel currently stands at €1.985 per litre, remaining close to the €2 mark.
Heating oil has also fallen, from €1.60 to €1.56 per litre.
Christodoulou reiterated his expectation that further reductions of two to three cents per litre would be recorded in the coming days, offering some relief to consumers.
Also read: Cyprus records EU’s highest share of non-EU investment in 2025
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