NewsLocalCypriot motorists restrict non-essential car rides as petrol prices reach new highs

Cypriot motorists restrict non-essential car rides as petrol prices reach new highs

Confronted with skyrocketing petrol prices Cypriot motorists have restricted non-essential car rides, Philenews reported on Monday noting that the 95 Octane petrol’s average one has reached €1,580 per litre.

At the same time, 98 Octane petrol’s price has risen to €1,661 per litre and that of diesel to €1,792 per litre.

Moreover, the island’s Statistical Service last Friday released data on gas stations’ sales showing the consumption of unleaded gasoline being 23,753 tons in April.

In March, consumption stood at 24,969 tons recording a decline of 5.11%.

There is a significant difference in the consumption of diesel as well. Sales from petrol stations were 20,297 tons in April this year compared to 23,206 tons in April 2021, recording a decrease of 12.5%.

Higher prices are here to stay, according to financial analysts who point out that inflation in April reached historically high levels for decades now. And that inflation each month breaks one record after another.

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