Fuel prices rise after ending fuel tax reduction

Over the past days, following the termination of the government’s reduced tax measure on petrol and diesel, the average price of fuel in Cyprus has increased by 4.5 cents per litre for petrol, 1,3 cents per litre for diesel and 0.4 cents per litre for heating oil, according to the Consumer Protection Service (CPS).

Considering the reduced tax measure was only lifted on April 1, with gasoline prices already increased by 8.3 cents per litre and heating oil by 6.3 cents, this means that consumers...