Fuel Prices Expected to Rise in Coming Days

Fuel prices are expected to rise in the coming days due to the increase in the price of oil on the global market and the situation in the Middle East. The president of the gas station owners' association, Savvas Prokopiou, stated that the price of oil has increased by 15% since the start of the military attacks. However, Mr. Prokopiou noted that this increase is not as large as the corresponding one observed at the start of the war in Ukraine in 2022. Then, the increase was more significant and had a greater impact on fuel prices. The president of the gas station owners expressed hope that the war will be short-lived, in order to limit further price increases. The situation in the Middle East is being closely monitored as it significantly affects the global oil market. Consumers are expected to see the increases in fuel prices at gas stations in the coming days, which will affect transportation costs and the overall price level.