Partial implementation of heating oil tax cuts in Cyprus

As of October 23, 2026, a government-mandated reduction in the excise tax on heating oil came into effect in Cyprus, aimed at lowering fuel costs for consumers by 6.39 cents per liter. While the measure was intended to be universal, official monitoring by the Consumer Protection Service revealed discrepancies in its implementation across the country's fuel stations.

Investigations conducted by the Consumer Protection Service across 290 stations found that approximately 92.4% (268 stations) complied by reducing retail prices by at least 6.39 cents per liter. However, 22 stations (7.6%) failed to implement the full reduction, with some even recording price increases. Reports from the Consumers Association indicated slightly different figures earlier, identifying 43 non-compliant stations out of a larger sample of 302, citing that some stations had made even deeper cuts of up to 12 cents, which masked the lack of action by others.

Director of the Consumer Protection Service, Constantinos Karagiorgis, confirmed that the service continues to monitor prices systematically. Authorities are urging consumers to utilize the Retail Fuel Price Observatory to compare prices before making purchases. The government estimates that a typical household filling a 1,000-liter tank could save 63 euros under the new tax regime, despite the instances of non-compliance observed.