Fuel prices show significant differences between districts, according to a study by the Cyprus Consumers Association, which is calling for a deeper investigation into how retail prices are determined.
The study examined the retail prices of 95-octane petrol, diesel and heating oil between 2023 and 2026.
- Paphos has the highest average price for all three types of fuel across all four years.
- Nicosia has the lowest average price for all years, except 2024.
- Famagusta has the smallest difference between the maximum and minimum prices.
- Nicosia has the largest difference between the maximum and minimum prices.
- The districts with an average price above the nationwide average are Famagusta, Limassol and Paphos, except in 2024.
- Nicosia is the district with an average price below the nationwide average.
- The overall conclusion is that there is a noticeable variation in pricing policy between districts, which should be investigated.
The Cyprus Consumers Association said the findings point to noticeable differences in fuel pricing policies between districts and called for the issue to be investigated further.
Increases of up to 56.2 cents per litre
The figures for the period from 1 March to 8 September 2026 are particularly notable.
According to the association, the price of 95-octane petrol increased by 31.6 cents per litre, while diesel rose by 47.7 cents.
The largest increase was recorded in heating oil, which rose by 56.2 cents per litre.
Based on calculations presented in the association’s tables, the additional total cost to consumers between March and August amounted to approximately €22.9 million.
The association also estimated that more than €4.35 million in additional VAT was linked to the increases in fuel prices.
Call for deeper investigation
The Cyprus Consumers Association concluded that the findings provide indications warranting a new and more detailed investigation into how retail fuel prices are determined in Cyprus.
It said further examination was needed to establish what is driving the differences in prices between districts and how the increases are being passed on to consumers.
Also read: Fuel prices set to rise further in Cyprus
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