President Christodoulides addresses rising fuel prices and cross-border purchasing

On October 6, 2026, while attending the opening ceremony of the new judicial year at the Supreme Constitutional Court, Cypriot President Nikos Christodoulides addressed the trend of Greek Cypriots purchasing fuel in the northern part of the island due to lower costs. This practice has become more prevalent as global energy prices continue to rise.

President Christodoulides stated that the government has already invested over one billion euros to mitigate the impact of inflation and rising fuel prices. He emphasized that these price hikes are driven by exogenous factors rather than internal economic conditions. The President attributed the government's ability to fund these support measures to its current responsible fiscal policy, which provides the necessary financial flexibility to assist citizens.

Regarding future steps, the administration continues to monitor the situation on a daily basis. The President reaffirmed that officials are constantly evaluating market data, price trends, and the effectiveness of existing support measures, pledging that the government will intervene with further support wherever and whenever necessary to protect the public from the ongoing economic burden.