Fuel prices stabilized at high levels – Developments in the Middle East without “side effects”

Fuel prices seem to be stuck at high altitudes, which, after the upward trend they took in the last month, have stabilized for a week now, which on the one hand leaves satisfaction in the fact that they have not continued to increase further towards up, while on the other hand, there is frustration as there is no trace of hope that they will decrease.

For their part, the gas station owners see the glass as half empty because of the prices, since they see consumers arriving at the gas stations and being particularly worried, for the simple reason that the prices of fuel are quite high and thus they are limited to the liters of fuel that will be supplied . However, due to the fact that the price of a barrel internationally has fallen below 90 dollars and hovers around 88 dollars, gas station owners estimate that there will be no further increase, but not a particular reduction in prices.

Comparing the prices prevailing today all over Cyprus, the average price for Amolybdi 95 is 1.57 euros, while the cheapest is 1.51 euros and the most expensive is 1.62. At the same time, Amolybdis 98, the average price is at 1.64 euros, with the cheapest price at 1.56 euros and the most expensive at 1.72. As for diesel, its average price is 1.60 euros, with the cheapest price at 1.54 and the most expensive at 1.64. Also, the average price of heating oil is at 1.13 euros, with the cheapest price at 1.06 euros and the most expensive at 1.25.

At the same time, the gas station owners claim that Iran’s attack against Israel did not ultimately have an impact on fuel prices, and as can be seen from the data so far, gas station prices have not been affected, nor are they going to vary much, since it has stopped for the lawless situation that prevailed in the Middle East to exist recently.

Of course, the fact that the prices have remained high is not something that works in favor of the gas stations, but on the contrary, since their revenue from the sale of fuel is falling sharply and their profit is noticeably lower, compared to the previous months where prices were at lower levels.

In fact, for the umpteenth time, gas station owners, especially those located near the Green Line, express their concern about the non-stop flows to the occupied territories, where Greek Cypriots rush to get cheaper fuel and return back to the free areas, at the same time denouncing the controls that take place at roadblocks.

See detailed fuel prices and the cheapest gas stations below:

95 lead free