News Local Significant drop in fuel prices in December

Significant drop in fuel prices in December

December saw a significant drop in the retail price of fuel as a result of lower crude oil prices and a 5 cent cut in consumer tax, according to the price observatory of the Cyprus Consumers Association.

The price of 95 octane petrol was down by 0.129 cent and that of diesel by 0.136 cent a litre meaning savings of €265,69 for consumers last month, of which €144,049 from petrol and €121,120 from diesel.

Heating fuel prices fell by €147 per 1000 litres, with average prices at  €953 per 1000 litres at the start of the month, dropping to €806 at the end of December.

From January to the end of November, heating fuel consumption was down 24.7% compared to the same period the previous year.

Finally, by December 17, the average retail price for 95 octane petrol in the European Union excluding taxes was down by  0.029 cent per litre and in Cyprus by 0.032 cent. Diesel prices in the EU were 0.028 cent lower and in Cyprus 0.027 cent lower. As regards heating fuel, prices were down by 0.025 cent in the EU and by 0.040 cent in Cyprus.

Top Stories

Cyprus’ revised 2021 budget approved by marginal majority

Cyprus’ revised 2021 budget was approved by marginal majority on Thursday evening allowing the government to deal with the crucial economic fallout from the...

Mainly fine on Friday with high cloud in the afternoon

Mainly fine on Friday with high cloud developing in the afternoon and light snow falling on  Troodos mountain. Winds will be north-westerly to north-easterly, initially...

164 new cases, one death announced on Thursday

The Health Ministry announced the death of one person due to COVID-19. This raises the death toll from the virus in Cyprus to 178,...

Where to get antigen rapid tests on Friday

The Health Ministry announced the following antigen rapid test sites for Friday, 22 January 2021: LIMASSOL Parking place Sklavenitis supermarket, Germasogia 08:30-16:30 Parking place Lidl supermarket, Limassol...

Alcohol consumption among Cypriot students high

Alcohol consumption among students has been reduced, the Cyprus National Addictions Authority ascertained on the basis of a European research, conducted every four years....

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...