Fuel Prices in Cyprus Continue to Rise
The Cyprus Consumer Protection Service has released fresh data on car fuel prices, and the trend leaves much to be desired. Fuel prices continue to rise steadily, despite temporary government relief measures and volatility in international market quotations.
As a reminder, the Cypriot authorities have already adopted an emergency support package worth more than €200 million, including a reduction in fuel excise duty by 8.33 cents per liter from April to June 2026, as well as the cancellation of the “green tax,” which would have added another 9 cents to each liter. However, these measures have so far been unable to fully curb price growth.
As of April 25, the average price of unleaded 95 petrol reached €1.533 per liter, which is 1.3 cents higher than ten days earlier. Diesel saw the sharpest jump — its average price rose by 4.3 cents to €1.887 per liter. Interestingly, amid this price increase, international oil prices are showing mixed movement due to geopolitical events and the situation in the Strait of Hormuz.
What Is Happening on Global Markets and How It Affects Cyprus
The key reason for the current rise lies not in local factors, but in the global agenda. The Strait of Hormuz, through which about 20% of the world’s oil supplies pass, is partially blocked, creating enormous pressure on the entire supply chain. Although news emerged in early April about a temporary ceasefire between the United States and Iran, experts are urging people not to have any illusions. The truce may prove fragile, and the situation could change at any moment.
Local fuel importers are extremely cautious. As Petrolina Executive Director Dinos Lefkaritis stated, no one today can confidently predict what will happen to prices tomorrow. The head of the Association of Petrol Station Owners, Savvas Prokopiou, notes in turn that any price decrease, if it happens, will be gradual and delayed — just as previous increases were.
Prices by Region: Rising Everywhere, but at Different Rates
Nicosia traditionally remains the region with the most affordable petrol prices. The average price for 95 petrol here is €1.521, while diesel stands at €1.878. In Limassol, the situation is different: petrol is sold at an average of €1.541, while diesel costs €1.893 per liter. Larnaca turned out to be the only region where the average petrol price did not increase, but even slightly decreased — by four thousandths of a euro, to €1.513. Diesel, however, rose there by 4.4 cents. In the free areas of Famagusta, 95 petrol costs an average of €1.535, while diesel stands at €1.892. The highest fuel prices remain in Paphos: 95 petrol costs an average of €1.553, while diesel is €1.907. Paphos also holds the record for the maximum diesel price — up to €1.949 per liter at some stations.
Which Types of Fuel Are Rising Fastest
Diesel has become the clear leader in terms of the fastest price increase. Over 10 days, its average price rose by 4.3 cents across the island. The maximum diesel price in some regions jumped by 7.9 cents and reached €1.978 per liter. 95 petrol increased by an average of 1.3 cents across Cyprus, while its maximum price rose to €1.618. 98 petrol grew more modestly — by one cent on average — while its maximum price remained at €1.799. These figures clearly show that diesel car owners are currently under the greatest pressure.
What to Expect Next and Why a Decrease Is Not Guaranteed
Although the international oil price recently declined following news of a truce, the Cypriot market reacts to changes with a noticeable delay. Employees of the Consumer Protection Advisory Service admit that it is still “too early” to draw firm conclusions.
Everything depends on how long the current geopolitical stability lasts. The president of the Association of Petrol Station Owners allows for the possibility that drivers may see lower prices within the next 10–15 days, but only if the positive trend on global markets continues. For now, consumers in Cyprus can only follow price monitoring updates and, where possible, refuel where fuel is cheaper, since the difference between the lowest and highest price in each region can reach 15–20 cents per liter.
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