News Local Consumers Association says pump prices up in May

Consumers Association says pump prices up in May

Consumers are having to dig deeper into their pockets because of an increase in the retail price of petrol, diesel and heating fuel since mid January when prices were at their lowest, the Cyprus Consumers Association said on Monday.

It said that according to the price observatory, 95 octane petrol saw a price increase at the pump of 16.9 cent over the period, diesel rose by 10.6 cent per litre and heating fuel by 10.9 cent.

“May 2019 is characterised by changes in the retail price of 95 octane petrol and of diesel,” it said.

Compared to April, pump prices for 95 octane petrol are up  0.014 cent those of diesel by 0.021 cent and those of heating fuel by 0.012 cent, it said.

The increases in May alone meant consumers paid  €36,945 more for fuel than they did in April — €15,997 more for petrol and €20,948 more for diesel.

Since mid-January and up to the end of May they paid  an additional €209,602  — of which €144,084 for petrol and €65,518 for diesel.

As regards heating fuel prices rose by €12  per 1000 litres in May compared to April. The average price on May 1 was  €845 for a 1000 tons and on May 31 €857.

In May 2019, the average retail price for 95 octane petrol in the EU including taxes was €1.4870 per litre and in Cyprus €1.245. Diesel in the EU cost €1.379 a litre and in Cyprus €1.245. Heating fuel in the EU was €0.843 — the same as in Cyprus €0.847.

Without taxes, the average retail price of 95 octane petrol in the EU was €0.610 a litre and in Cyprus €0.607. Diesel without tax in the EU was €0.640 a litre and in Cyprus €0.655. In the EU heating fuel averaged €0.591 and in Cyprus €0.627.

Consumers paid €67.7 cent a litre in taxes (consumer tax, VAT and KODAP)  per litre of petrol and €65.2 cent a litre for diesel.

Read more

https://in-cyprus.com/consumers-association-small-repeated-rise-in-pump-prices-in-april/

 

 

 

 

 

 

 

.

Top Stories

New record number of new cases of COVID-19 on Tuesday: 152

The Health Ministry announced 153 new COVID-19 cases on 20 October, out of 4,410 laboratory tests, taking confirmed infections to 2, 839. The break-down of...

Stench in Kokkinotrimithia and Mammari due to farms and burned garbage

Citizens of Kokkinotrimithia and Mammari contacted philenews and complained that at the Kafkalla location some people threw a huge quantity of garbage and set...

Police chasing suspects in Paphos

Members of the Anti-Narcotics Unit who were watching some suspects for drug trafficking, according to first information, chased a suspicious vehicle which tried to...

71-year-old dead in accident

During an accident that took place this morning in the district of Nicosia, 71-year-old Andreas Alexandrou from Kato Moni of Nicosia District lost his...

Rain and hail in Lympia and Xylotympou (PHOTOS)

Rain and hail were seen in various areas of Cyprus. Social media users published photos from Lympia and Xylotympou. (philenews)

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...