Fuel prices edge down, with more relief expected within two weeks
Pump prices have slipped slightly, and station owners expect further cuts soon — but a lag of roughly two weeks separates crude market moves from what drivers pay on Cyprus forecourts.
Retail fuel prices in Cyprus have softened a little in recent days, and petrol station operators believe more cuts could land over the next two weeks, according to Christodoulos Christodoulou, spokesman for the station owners. Unleaded 95 and 98 now average around €1.67 a litre, roughly two cents below where they sat just days ago, as reported by Politis radio.
Heating fuel is selling at an average of €1.58, while diesel has not moved from €1.99. Brent crude was trading near $90 a barrel on Tuesday, its weakest since late August, after a 5.9 per cent slide the day before.
Christodoulou explained that crude market swings do not reach Cypriot forecourts straight away: fuel shipments arrive about twice a month, so changes in global prices typically take around two weeks to show up at the pump.
“These reductions don't really help consumers, they're too small. But we anticipate more reductions in the coming days,” Christodoulou said.
What it means for residents
Anyone planning a big fill-up or a heating oil order should weigh the timing: the modest dip is small, but the two-week lag means further crude-driven cuts may still be in the pipeline before winter demand sets in.
- Hold off if you can. With temperatures still mild, delaying a heating fuel order could pay off if the anticipated reductions materialise.
- Watch diesel. It remains at €1.99, so drivers of diesel vehicles see no relief yet.
- Receipts may change. A parliamentary proposal to require stations to itemise taxes and duties on receipts reportedly has broad backing and could reach the House plenum soon.
This text is written from the source article and is not a translation of it.
