Fuel tax subsidy halved from May

The government has decided to continue subsidising fuel prices at the pumps by extending a reduction on consumption tax for another two months. The Finance Ministry announced on Wednesday that the government


Fuel sales down in February

Annual fuel sales recorded an overall 7% decrease in February, with oil companies reporting sales of 107,779 tonnes of fuel, according to the Statistical Services. There was a decrease in oil supplies

‘FuelEU’ crucial for sustainable shipping

The FuelEU Maritime regulation is crucial for promoting the uptake of sustainable and scalable fuels in shipping, ECSA President Philippos Philis said. As the guest speaker at the Cyprus Marine Club monthly

Freeze on fuel tax to be extended

As fuel prices start to rise after reaching their lowest ebb for a year, the outgoing government is considering extending a freeze on consumer tax at the pumps. In comments to Omega

Fuel prices at pre-war levels

After reaching an all-time high in the summer, fuel prices at petrol stations have subsided to levels before the war in Ukraine and sanctions on Russia, which catapulted energy costs. Following this

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