Cyprus pump prices among cheapest in EU despite recent hikes

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Cyprus pump prices among cheapest in EU despite...
 © FinancialMirror 2020
Despite a rise in the price of petrol due to an increase of biofuels in the mix, Cyprus remains the fifth cheapest place in the EU to fill up, Energy Minister George Lakkotrypis said.

He was speaking after briefing parliament about the country’s progress in implementing renewable energy commitments in transportation.

Cyprus is obliged to secure 10% of RES in transportation by the end of this year. According to the Energy Ministry, the main way to achieve this is by increasing the levels of certified biofuels in the mix, which, however, are more expensive due to higher production cost.

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This article was automatically added to our system 22-1-2020

Cyprus pump prices among cheapest in EU despite recent hikes


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