Further increases in fuel prices are expected in the near future, the Director of the Consumer Protection Service, Konstantinos Karagiorgis, told KYPE.
As he noted, the trend in fuel prices does not look promising, as prices at refineries are “on the rise.”
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
“There is a possibility that, unless something changes, the next shipments of fuel will see further price increases. The trends are not positive” for consumers, he noted.
According to the Retail Fuel Price Observatory, on Monday morning, the average price of unleaded 95 across Cyprus stood at €1.625, with the cheapest price at €1.545 and the highest reaching €1.718.
Similarly, the average price of diesel across Cyprus stood at €1.884 on Monday morning, with the cheapest at €1.795 and the most expensive at €1.989.
The average price for heating oil was €1.50, with the cheapest at €1.389 and the most expensive at €1.655.
According to data from the Consumer Protection Agency, fuel prices have been rising since July 13. Specifically, the price of unleaded gasoline increased by 16 cents per liter, while diesel fuel rose by 31.8 cents per liter over the same period. Heating oil has also seen an increase of 13.7 cents per liter over the past month and a half.
However, based on data as of August 31, the price of unleaded 95 in Cyprus was the third lowest in the EU, behind Malta and Bulgaria, while, in terms of diesel prices, Cyprus ranked as the 8th cheapest in the EU.
