A moderate increase in fuel prices was recorded in Cyprus in March 2026, in contrast to the significant price increases that occurred at the European level, according to data published on Tuesday by Eurostat.
Specifically, in Cyprus, fuel and lubricant prices for personal transport increased by 1,5% in March 2026 compared to March 2025, recording one of the lowest increases among the member states of the European Union.
At the same time, the increases in diesel and gasoline prices, on a monthly basis, were also noticeable but lower than the European average. Diesel prices in Cyprus increased by 12,9% between February and March 2026, while gasoline prices recorded a rise of 7,9%.
At the European Union level, fuel and lubricant prices were generally on a downward trend until February 2026, but there was a sharp reversal of the trend in March. According to Eurostat, prices increased by 12,9% year-on-year, with almost all Member States recording increases compared to March 2025.
The largest annual increases were recorded in Germany (19,8%), Romania (19,6%), the Netherlands (18,8%), Latvia (18,5%) and Austria (17,2%). In contrast, decreases were recorded only in Hungary (2,7%) and Slovenia (5,9%).
In terms of individual fuel categories, diesel prices in the EU increased by 19,8% year-on-year, while petrol prices increased by 9,4% compared to March 2025.
According to Eurostat, on a monthly basis the increases were also significant. Diesel rose by 19,1% and petrol by 10,6% across the EU between February and March 2026.
Diesel price increases between February and March were particularly high in some countries, reaching 27,6% in the Czech Republic and Sweden, 26,8% in Estonia, 25,4% in Latvia, 25,2% in Belgium and 25,1% in the Netherlands. The lowest increases were recorded in Slovenia with 2,9%, as well as in Slovakia and Hungary with 7,0%.
The largest monthly increases in gasoline prices were recorded in Belgium (15,1%), Sweden (15,0%), Austria (14,8%), the Czech Republic (14,6%), and Estonia and Lithuania (14,2%). The smallest increases were recorded in Slovenia (2,4%), Slovakia (3,8%), Hungary (4,7%) and Italy (4,8%).
