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 […]