The Cyprus Council of Ministers approved extending the reduction of special consumption (excise) duty rates on fuel until November 30, 2026, to support households and businesses amid high prices.
At today’s meeting, the Council of Ministers approved a proposal submitted by the Ministry of Finance of the Republic of Cyprus, extending the reduction in special consumption (excise) duty rates on motor fuels until November 30, 2026. The reduction is 8.33 cents per litre for both petrol and diesel.
This measure aims to support households and businesses facing high energy prices. The Ministry of Finance will continue to monitor developments in international energy prices.
