Nicosia:Retail fuel prices in Cyprus have seen a decline over the past 30 days, reflecting the easing of international oil product prices, though they remain at elevated levels. This information was shared by Constantinos Karagiorgis, Director of the Consumer Protection Service at the Ministry of Energy, Commerce and Industry.

According to Cyprus News Agency, Karagiorgis noted that prices for 95-octane unleaded petrol, diesel, and heating oil have decreased during this period. International Platts prices for oil products have shown a notable reduction from the high levels observed in September and October.

Karagiorgis provided specific figures, indicating that as of November 11, 2026, the Platts price for 95-octane unleaded petrol had decreased by 20.3%, while diesel and heating oil saw reductions of 6.9% and 9.2%, respectively.

He highlighted data from the Retail Fuel Price Observatory, which showed that 95-octane unleaded petrol prices dropped by 7.2 cents per litre, diesel by two cents per litre, and heating oil by 9.6 cents per litre over the past 30 days. The decrease in heating oil prices also reflects the effect of a government measure to lower the excise duty on the fuel.

Karagiorgis assured that the Consumer Protection Service is committed to systematically monitoring both international and domestic oil product prices to enhance market transparency and protect consumer interests.