Fuel retailers in Cyprus announce indefinite strike in answer to price decree

Fuel retailers in Cyprus decided on Monday to go on an indefinite strike as of Tuesday, in a reaction to a maximum price regulation announced earlier in the day.

The government issued a decree on Monday setting maximum prices for 95 octane petrol, 98 octane and diesel, which will be in force for eight days.

The maximum price for 95-octane petrol is set at 95 cents per litre, for 98-octane at 97 cents, and for diesel at 87.5 cents.

As news of the imminent strike spread, queues began forming at petrol stations, as citizens rushed to fill up their vehicles.