Dialogos

Trump's Actions May Lead to 30-40% Fuel Price Hikes in Cyprus

Published March 10, 2026, 12:03
Trump's Actions May Lead to 30-40% Fuel Price Hikes in Cyprus

Gasoline and diesel prices in Cyprus may increase by 30-40% in the coming days due to escalating tensions in the Middle East and fluctuations in oil prices. These developments are directly linked to the statements and decisions of former US President Donald Trump. The price of oil has experienced significant volatility, with the potential to exceed $150 a barrel in extreme scenarios, especially in the event of a complete disruption of oil exports from the Middle East. Attacks on energy facilities, such as refineries and natural gas production units, exacerbate uncertainty and could lead to further price increases. These increases are expected to be passed on to the Cypriot market within the next week.