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Cyprus: Energy Ministry Ready to Intervene in Unjustified Price Increases

Published March 12, 2026, 12:09
Cyprus: Energy Ministry Ready to Intervene in Unjustified Price Increases

Minister of Energy, Commerce and Industry Michalis Damianou assured that his Ministry is prepared to intervene immediately in case of unjustified price increases or fuel shortages resulting from developments in the Middle East. The Consumer Protection Service systematically monitors the supply chain of goods and fuels in Cyprus. The Minister emphasized that the Ministry has the necessary tools to protect citizens from uncontrolled or unjustified price increases and is in close cooperation with the Ministry of Finance to assess potential support measures. The goal is to maintain purchasing power and market stability despite international challenges.