News Local Retail petrol prices up nearly 4 cents per litre in February

Retail petrol prices up nearly 4 cents per litre in February

The price of a litre of 95 octane petrol and a litre of diesel rose by nearly 4 cent of  a euro in February compared to January, Phileleftheros reported on Friday citing the latest price observatory of the Cyprus Consumer Association.

The price of heating fuel was up 4 cent a litre, it added.

The Cyprus Consumer Association said that February has seen small but continued increases in the retail price in all fuel categories.

Compared to January 2019, the price of 95 octane petrol is up by 3.6 cent a litre, diesel by 3.9 cent per litre and heating fuel by 4 cent a litre.

The increases translates into an additional cost of €71,721 for consumers in February for petrol (€38,025) and diesel (€33,696).

The average price for heating fuel was €788 for 1000 litres on February 1 and €828 at the end of the month.

The average price of 95 octane petrol in the EU in February (including taxes) was €1.112 per litre and in Cyprus it was €1.095 per litre.

Diesel in the EU was €1.322 per litre and in Cyprus €1.202. Heating fuel in the EU was €0.808 and in Cyprus €0.792 per litre.

In Cyprus, the average retail price of 95 Octane petrol on February 1 was €1.10 a litre. It was €1.144 on February 28.

For diesel, the corresponding average prices were €1.191 and €1.230 per litre.

The cheapest district in February for 95 Octane petrol was Famagusta, followed by Limassol and Nicosia. Diesel was cheapest in Nicosia, followed by Limassol and Paphos.

In its general conclusions the Cyprus consumer association said:

  • Retail prices (including taxes) for petrol 95 and diesel were lower in Cyprus than the EU average
  • Retail prices (excluding taxes) for petrol 95 and diesel were higher in Cyprus than the EU average

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