A reduction in the price of fuel was announced in the occupied territories, following continuous increases in recent months, yesterday's protests by public transport workers and the reduction in the price of Brent oil.
As reported from the occupied territories, the "Prime Minister", Faiz Suzhouoglu announced that the reduction in 95 octane petrol will be of the order of 1.42 TL and up from 18.75 TL will drop to 17.33 TL per liter, 98 octane gasoline from 19.00 TL will drop to 17.58 TL , Euro Diesel with 3 TL reduction from 21.07 TL will be sold at 18.07 TL and kerosene from 19.47 TL to 17.02 TL.
The T/C media note that the last increase in fuel prices occurred on 10 March.
Yesterday's decision of the "cabinet", it is reported, amended the "fuel law" and prices will be set every working day.
The decision is expected to be published tonight in the "official newspaper" and from midnight the reductions will apply.
The "Minister of Economy and Energy", Koutlu Evren, explained that the price of fuel will be set on the same day depending on international prices and exchange rates.
Cyprus, he said, as an island "country", imports oil. "Increases in oil prices due to global crises, exchange rate fluctuations have a negative impact on our economy, increase the cost of our producers and reduce the purchasing power of our people. We are working to protect purchasing power and market balances with the means at our disposal," he added.
Source: CNA
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