Govt ready to intervene over any unfair fuel price hikes, says minister 

Energy Minister Michalis Damianos said on Thursday that his ministry stands ready to intervene immediately if it detects unjustified fuel price increases or shortages in Cyprus, as authorities closely monitor the impact of tensions in the Middle East on international energy markets.

Speaking to Cyprus News Agency (CNA), Damianos said the situation is being followed “with care”.

He added that the unrest has temporarily affected global energy trade and added to volatility in international oil and fuel prices.