Dispute over fuel price increases in Cyprus

On April 16, 2026, a fuel import company in Cyprus announced a two-cent per liter increase for 95-octane gasoline. Following this, the Cyprus Consumers Association reported that 22 gas stations belonging to a different importer also raised their prices without an official company announcement. Seven of these stations implemented price hikes exceeding the two-cent increase set by the first company. While the Consumers Association clarified that these actions are not illegal, they criticized the authorities for lack of meaningful intervention. Marios Drousiotis, head of the association, stated that official claims of market monitoring are ineffective. Conversely, Constantinos Karagiorgis, Director of the Consumer Protection Service, stated that his agency monitors the market daily and found no evidence of unjustified price hikes. He maintained that Cyprus remains among the countries with the lowest fuel prices in Europe, attributing global price volatility to war-related crises.