The President of the Pan-Cyprus Petrol Station Association, Savvas Prokopiou, has announced that fuel prices in Cyprus are expected to decrease within the next 10 days. This forecast follows a recent sharp decline of $10 to $15 in international oil prices. Such reductions typically take about 10 to 15 days to reflect in local prices. Despite some recent fluctuations, including a slight rise in petrol prices last week, overall trends point toward a downward adjustment.

Prokopiou cautioned that unpredictable factors continue to influence price stability, sometimes creating temporary optimism that dissipates quickly. He emphasized that while the situation remains volatile, the experience of the association suggests viewers will likely see fuel prices fall soon. Consumers in Cyprus can anticipate these changes as global market dynamics gradually impact local cost structures.