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Warning of Fuel Price 'Jump' in Cyprus in the Coming Weeks

Published March 10, 2026, 12:13
Warning of Fuel Price 'Jump' in Cyprus in the Coming Weeks

Energy expert Charles Ellinas warns of a potential increase in fuel prices in Cyprus in the coming weeks, up to 30-40%, due to instability in oil markets and geopolitical developments. Oil prices are directly affected by the statements and decisions of Donald Trump, with the Brent price experiencing significant fluctuations. Attacks on energy facilities, such as refineries and natural gas production units, exacerbate uncertainty as their return to operation requires time. In Cyprus, price increases are expected to be passed on to the market within the current or next week. At the same time, there is also the possibility of de-escalation, as some oil facilities have reduced production rather than stopping it completely. Pressure is increasing on the US due to rising gasoline prices and pressures on stock markets, while the stance of Benjamin Netanyahu adds further uncertainty.