Fuel price trends and consumption tax reduction in Cyprus

As of June 21, 2026, fuel prices in Cyprus show slight decreases, though they remain significantly higher than previous periods. Christodoulos Christodoulou, spokesperson for the Gas Station Owners Association, noted that current average prices for 95-octane unleaded fuel are approximately 1.542 euros per liter, while diesel averages 1.690 euros per liter. Prices vary by region, with the lowest 95-octane unleaded recorded at 1.469 euros per liter and the lowest diesel at 1.585 euros per liter. The government had previously implemented an 8.33 cent per liter reduction in excise duty on motor fuels, effective from April 4 through June 30, 2026, as part of an eight-point relief package announced by President Christodoulides on March 26. The Gas Station Owners Association is currently urging the government to extend this tax reduction measure beyond the end of June. Reported prices vary slightly across different news sources due to market monitoring intervals. The overall objective of these measures is to provide economic relief for consumers amidst ongoing international market volatility.