Fuel costs in Cyprus climb 24.6% year on year, Keravnos rules out big falls
Eurostat data show fuel and lubricant prices for personal transport in Cyprus up 24.6% annually in September, though the monthly petrol rise of 3.8% was the smallest in the EU.
Prices for fuel and lubricants used by motorists in Cyprus were 24.6% higher in September than a year earlier, according to Eurostat figures released on Wednesday and reported by the Cyprus Mail. The annual pace quickened from 19.1% in August, while the EU-wide average stood at 31.4%.
Between August and September, petrol in Cyprus became 3.8% more expensive — the mildest monthly increase among member states, against an EU average of 6.7%. Finance Minister Makis Keravnos indicated that the aim is to keep a lid on prices, not to bring them down sharply.
“Containing fuel prices rather than achieving major decreases is the government’s current policy,” Keravnos said.
What it means for residents
For households on the island, the figures confirm that filling the tank and running a car remains markedly costlier than a year ago, and the finance minister has signalled not to count on relief at the pump. Budgeting for transport should assume prices staying near current levels.
- Watch the monthly trend. Cyprus posted the smallest August-to-September petrol rise in the EU, so the pace of increases may be easing even if the annual comparison stays high.
- Factor fuel into travel plans. With no major decreases promised, commuting and school-run costs are unlikely to fall soon; car-sharing and public transport are worth considering.
- Track support measures. The Consumer Protection Service found some essential goods cheaper by 5%, but energy costs may absorb that gain.
This text is written from the source article and is not a translation of it.
