Cyprus Among EU Countries With Steepest Petrol Price Rises

Header Image

Petrol prices rose 6.2% in August, among the largest increases in the bloc.

 

Cyprus recorded one of the largest monthly increases in petrol prices in the European Union in August, while diesel prices also rose sharply, according to Eurostat data released on Tuesday.

Petrol prices in Cyprus increased by 6.2% in August compared with July, while diesel prices rose by 11.3%, the data showed.

Only Spain, with an 8.2% increase, Romania with 6.6% and Italy with 6.3% recorded larger rises in petrol prices during the month.

Fuel prices rise across the bloc

Across the European Union, petrol prices increased in 22 member states between July and August, fell in three and remained unchanged in two.

The only declines were recorded in Hungary, down 0.6%, Denmark, down 0.3%, and Slovakia, down 0.1%.

Diesel prices rose in 26 EU countries, with the largest increases recorded in the Czech Republic at 14.3%, Bulgaria at 13.5% and Luxembourg at 12.3%.

The smallest diesel price increases were reported in Italy at 5.2%, Romania at 6.1% and the Netherlands at 6.2%.

At EU level, diesel prices rose by 8.3% in August compared with July, while petrol prices increased by 3.3%.

Annual increases accelerate

On an annual basis, fuel and lubricant prices in Cyprus were 19.1% higher in August than a year earlier.

Across the EU, fuel and lubricant prices for personal transport rose by 23.8% in August 2026 compared with August 2025, following annual increases of 13.7% in June and 16.9% in July.

Fuel and lubricant prices were higher in 26 of the EU's 27 member states compared with a year earlier. Annual increases in August were also greater than those recorded in July in 26 countries and higher than those recorded in June in 24 countries.

Bulgaria records largest annual increase

Eighteen EU member states recorded annual increases of more than 20%.

The largest rises were reported in Bulgaria, up 34.5%, Lithuania, up 28.8%, Finland, up 27.6%, Germany, up 27.5%, and France, up 27.4%.

The smallest annual increases were recorded in Hungary, at 1.3%, Sweden, at 6.1%, and Ireland, at 11.7%.

Sources: Eurostat, CNA