Dialogos

Fuel Subsidy Reinstatement is the Only Way Forward – Government Inaction

Published March 16, 2026, 10:02
Fuel Subsidy Reinstatement is the Only Way Forward – Government Inaction

The Cyprus Consumers Association (CCA) believes that reinstating the fuel subsidy is the only way forward, due to the significant price increases since March 1st. 95 octane gasoline has increased by 10.7 cents per liter, diesel by 16.7 cents, and heating oil by 13.6 cents. The CCA notes that the country's financial situation allows for a temporary reinstatement of the subsidy, which could reduce prices by 8.3 cents for gasoline and diesel and by 6.2 cents for heating oil. The Association calls on the Ministry of Finance to reconsider the issue immediately, warning of the increasing financial pressure on households.