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 […]
Further increases in consumer product prices
If the 5% VAT that was added in January to food and medicine was not enough, prepare for more increases in consumer products.
Cypriot build pipe-line to link Israel and Egypt
Limassol based company was selected to build an 86km pipe line will carry natural gas that was discovered 70km off the shores of Egypt to the countries inland.
Liquefied natural gas: ‘the scandal of the century’
The government needs to open its horizons and look at all options on the table or else Cyprus could end up paying billions more than it has to for the supply of natural gas, opposition DISY leader Nicos Anastassiades said yesterday (cyprus-mail.com)
Cyprus to license offshore oil and gas search
A top Cyprus energy official said Tuesday that the Mediterranean island will go ahead with a second licensing round for offshore oil and gas exploration later this year in a move that could stoke tensions with Turkey (bloomberg.com).