Countdown to Fuel Price Hikes: When Will We See a Difference?

Consumers in Cyprus are concerned about expected fuel price increases due to the ongoing situation in the Middle East. Prices are expected to rise in the coming days, causing concern among gas station owners and citizens.

Gas station owners fear a significant price increase, with Christodoulos Christodoulou, Spokesperson for the Association of Gas Station Owners, pointing out that if the price of a barrel of oil exceeds $100, the increases will be very large. At the same time, he assures that there are reserves for several days and companies continue to supply the market.

Consumers are also expressing concern about the rising cost of living, with many wondering how they will cope with the new increases.