Retail fuel prices show slight decline in Cyprus

Retail fuel prices in Cyprus have experienced a marginal decrease of two to three cents per liter as of mid-November 2026. Christodoulos Christodoulou, spokesperson for petrol station owners, confirmed that prices for Unleaded 95 and 98 petrol have dipped, with average prices recorded at €1.67 per liter for petrol and €1.58 for heating oil, while diesel remains at €1.99. Industry experts and officials, including Andreas Christou of the Consumer Protection Service, attribute these changes to a stabilization of the situation in the Middle East and a recent global drop in Brent crude prices.

Despite these minor reductions, officials note that changes in international oil markets take approximately two weeks to manifest at the pump due to the cycle of fuel shipments to the island. Furthermore, the Consumer Protection Service has highlighted a phenomenon where fuel prices rise faster during global increases than they fall during market downturns. Analysts suggest that if global crude prices remain at current levels, further modest decreases could be expected in the coming fortnight. Consumers are currently exercising caution by limiting purchases and delaying heating oil orders, hoping for more significant relief in the near future.