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Ministry of Energy Ready to Intervene in Unjustified Fuel Price Increases

Published March 12, 2026, 13:34
Ministry of Energy Ready to Intervene in Unjustified Fuel Price Increases

The Minister of Energy, Commerce and Industry, Michalis Damianou, assured that the Ministry is prepared to intervene immediately in case of unjustified fuel price increases or shortages, considering the impact of the situation in the Middle East on global energy trade. The Consumer Protection Service is closely monitoring the fuel supply chain in Cyprus, aiming to prevent uncontrolled price increases. The Ministry has the necessary tools to protect citizens from negative impacts, and is in constant cooperation with the Ministry of Finance to assess potential support measures. Mr. Damianou committed to a responsible, transparent, and supportive approach to the situation, ensuring a smooth supply of fuel and maintaining fair prices despite international challenges.