Steel yourselves for steep price hikes, consumers warned

Consumer advocacy groups on Monday called for the reinstatement of the fuel subsidy as prices at the pump continued creeping up, while the state-run power utility said electricity bills would likely increase as of next month.

The Cyprus Consumers Association urged the government to reinstate fuel subsidies, warning that prices have risen sharply since the beginning of March and may continue to climb.

Between March 1 and now, the price of 95-octane petrol increased by 10.7 cents per litre...