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Taxi drivers to stage two-hour strike over ongoing problems
TAXI drivers are going on a two hours warning strike on Monday, from 6 till 8am, claiming that the government is unwilling to solve their problems. Speaking on behalf of the taxi drivers during a House...
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Golden age of natural gas
By Constantinos Hadjistassou AN UNEXPECTED consequence of the shale oil and gas boom in the United States, which commenced in the mid-2000s, was that US coal exports have increased significantly. In...
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State fuel storage facilities to move from Larnaca
Removal the state’s fuel storage facilities from the Larnaca coast came a step closer on Wednesday after the cabinet decided to move its strategic reserves to Vassiliko. The cabinet also decided to...
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‘State deliberately allowing fuel prices to remain high’
The consumer union is contemplating a lawsuit against the state claiming it deliberately allowed prices to be high in order to collect more taxes. The union accused the state of “fraud and collusion”...
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Petrol stations announce small drop in prices
The price reduction in fuel will not make much of a difference to consumers as they will only save 20 to 30 cents on a full tank, head of the petrol station owners association Stefanos Stefanou said on...
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Cyprus’ heavy reliance on fuel highlighted by World Energy Council
Cyprus’ heavy reliance on fuel imports is highlighted in the latest report by the World Energy Council. In a report released by World Energy Council, Cyprus ranks 63 out of 129 countries in terms of...
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Consumer prices fall 0.2% in November on fuel drop
By Marie Kambas Consumer prices fell an annual 0.2 per cent in November and a monthly 0.4 per cent, compared to a 0.5 per cent deflation rate the month before a 2.1 per cent price drop in November last...
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Islandwide taxi strike slated for next week
Urban and rural taxi drivers will stage a four-hour work stoppage islandwide on Wednesday, December 10 seeking a reduction in road tax and also concession fuel. The strike will take place from 6.30am...
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EAC expects prices to fall soon
The semi-state power company’s director Stelios Stylianou said he expects the price of electricity to fall soon, the Cyprus News Agency reported on Monday. The cost of electricity in Cyprus, long...
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Petrol and diesel sales fall in January to November, Cystat says
By Stelios Orphanides Sales of fuel in Cyprus fell 3.6 per cent in January to November compared to the respective 2013 period to less than 1.2 million tonnes mainly on a decrease in petrol and diesel...
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Cystat sees inflation at -1.5% in December, -1.4% in 2014
By Stelios Orphanides The consumer price index decreased 1.5 per cent in December compared to a year before mainly on falling energy prices, the statistical service said. The post Cystat sees inflation...
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Fuel sales fall 3.8% in 2014 to 1.3 million tonnes, Cystat says
By Stelios Orphanides Total fuel sales fell 3.8 per cent in 2014 to 1.3 million tonnes compared to 2013 mainly on a slump in the diesel sales, the statistical service said. Sales of low sulphur diesel...
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‘Propane fuelled cars a reality next year’
By Angelos Anastasiou Propane-gas powered vehicles will be a reality in Cyprus by the first quarter of 2016, deputies on the House Commerce committee told reporters on Tuesday. According to figures...
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Airport fuel suppliers suspend planned strike
Employees at BP Eastern Mediterranean Ltd, fuel suppliers to the island’s airports, suspended a two-hour strike they planned on Thursday at Paphos and Larnaca. “Their decision was taken after a...
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Electricity prices to rise on fuel hike
Energy regulator CERA expects electricity prices to rise by 2.0 per cent due to a rise in the price of fuel, a top official said on Friday. “There will be a small rise because the price had bottomed...
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Reports say Vitol likely winner of gas bid
By Elias Hazou The Natural Gas Public Company (DEFA) has until the end of the month to conclude a deal for the purchase of natural gas to be used for generating electricity. The validity of the tender...
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No sign of promised fuel-price app, consumer body says
By Andria Kades July has come and gone but the promised electronic platform announcing real-time fuel prices at every petrol station across the country has not come about. Announced by the energy...
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Electricity bills down 4.5 per cent as of November
The Electricity Authority of Cyprus (EAC) announced a 4.5 per cent drop in the price of electricity on Thursday that will be applied to November bills, set to be received this month. According to EAC...
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End of the line for all but 28 state limo users
By Evie Andreou As of the beginning of next year, only 28 government officials will be entitled to use state cars round-the-clock. The move, which was in the making for around two years, was voted into...
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Bus company accuses audit boss of sloppiness in fuel probe (Update 2: adds...
Nicosia bus company OSEL on Wednesday called the state audit office “sloppy” after Odysseas Michaelides as much as accused them of ripping off the state to the tune of €4 million over five years. OSEL...
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