Fuel prices in Cyprus have climbed sharply over the past two weeks, putting added pressure on households and family budgets, according to official Consumer Protection Service figures cited in the source text.
A comparison between prices on February 27 and March 13 shows the scale of the increase. Unleaded 95 petrol rose from €1.314 to €1.416 a litre, up 10.2 cents. Motor diesel rose from €1.410 to €1.562, an increase of 15.2 cents a litre, while heating oil rose from €0.949 to €1.079, up 13.0 cents.
Diesel recorded the steepest increase, raising transport costs and, by extension, pressure on the supply chain, according to the source. Unleaded 95 also rose by more than 10 cents a litre, while heating oil posted a 13-cent increase.
Despite the latest increases, current prices remain below the levels recorded at the height of the 2023 energy crisis, the source said.
On November 2, 2023, before the government intervened on excise duty, unleaded 95 stood at €1.55 a litre, or 13.4 cents above the current level. Motor diesel stood at €1.709, or 14.7 cents higher, while heating oil stood at €1.24, or 16.1 cents higher.
European Commission data for 2026 showed Cyprus remained among the cheapest countries in the EU for final pump prices, mainly because of lower taxation. It listed Cyprus as the second cheapest in the bloc for unleaded 95 at an average of €1.320 a litre, compared with an EU average of €1.639, and the fourth cheapest for motor diesel at €1.401, compared with an EU average of €1.608. The European Commission’s Weekly Oil Bulletin publishes weekly fuel price data submitted by member states.
Once taxes are stripped out, Cyprus moves closer to the middle of the EU table, ranking 12th cheapest for unleaded 95 at an average of €0.67 a litre and 10th cheapest for motor diesel at €0.76