Fuel price rise in Cyprus as subsidy ends

Following the elimination of the 8.3-cent subsidy per liter on April 1, increases in the average price of 95-octane gasoline have been observed in the districts of Limassol, Nicosia and Famagusta, with the exception of Paphos, where the price only rose by 8 cents.

According to data released by the Cyprus Consumers Association, Limassol recorded the highest increase in the average price of 95-octane gasoline, rising by 9.2 cents, followed by Nicosia with 9.1 cents, and Famagusta with 8.7 cents.

In contrast, Larnaca saw an increase in the average price of 95-octane gasoline equal to the amount of the subsidy removed, namely 8.3 cents, while in Paphos, the average price remained lower than the subsidy, increasing by only 8 cents.

On April 1, Nicosia experienced the highest price fluctuation for 95-octane gasoline, ranging from 1.375 to 1.558 euros per liter at...