8% reduction in the price of electricity

A new price reduction, of around 8%, was announced by the Electricity Authority Cyprus (EAC), recording an overall decrease of 15% in the past two months due to lower fuel costs. However, after announcing a reduction in the price of electricity, the Director of the authority, Stelios Stylianou, pointed out that the prices in the […]

Fuel prices not as low as they should have been

Even though the fuel prices in Cyprus have recently dropped, they still not as low as they should have been. According to today’s issue of Phileleftheros newspaper, the crude oil price has decreased by 39% since June 2014, during the same period the average price for petrol available to consumers in Cyprus has only dropped […]

Record increases in fuel & electricity prices

The president of the Fuel Station Owner Association Stefanos Stefanou said that the prices of fuel have increased by 33% in just one year and that for the first time the price of diesel surpassed the one of petrol. Heating diesel price increased above 1 euro per litre for the first time and the price […]