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

Deputy Minister participates in EU teleconferences on research, innovation and space issues

Cyprus' Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos participated on May 29 in two informal teleconferences of the EU Ministers responsible...

Police book three restaurants for breaking distancing rule

  Three restaurants were booked after police carried out 642 checks from 6 pm on Sunday to 6 am on Monday at various businesses to...

GHS Phase Two gets underway with 85% of island’s doctors on board

Phase Two of GHS (Gesy) that incorporates inpatient services to the reform has begun as of today, June 1, with 85% of Cyprus' doctors...

Solar heater subsidy scheme launched

  The RES and Energy Conservation Fund is accepting applications for a scheme subsidising  solar heaters for water at residences for 2020. The scheme has a...

Limassol kiosk robbed, €1800 stolen

  Two men in hoods robbed  €1800 from a Limassol kiosk on Sunday night and fled, philenews reports. It said that the two hooded men had...

Taste

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...

Spiced lamb with beetroot salad and scented yoghurt

Lay the lamb on a tray, skin side down. Rub with crushed garlic, sprinkle with spices and ground pistachios, wrap in plastic wrap and...

Easy seafood pasta with white wine sauce

Ingredients: 2-3 tbsp olive oil 1 garlic clove, chopped 2-3 tablespoons of whipped cream 1/3 cup white wine 300g spaghetti, roughly broken 300-400g of...

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...