Cyprus will maintain an 8.33-cent-per-litre reduction in Special Consumption Tax on gasoline and diesel until 30 November 2026, as rising fuel and food prices continue to put pressure on households and businesses.
The Cyprus Council of Ministers approved a proposal from the Ministry of Finance on 10 September 2026 to extend the reduction in Special Consumption Tax (SCT) rates on motor fuels until 30 November 2026. The reduction, which was due to expire on 17 September, amounts to 8.33 cents per litre for both gasoline and diesel.
The extension is intended to provide continued support to households and businesses amid uncertainty in energy markets. The Ministry of Finance will continue to monitor international energy price developments.
The short-term tax relief is expected to be offset by wider cost pressures. Consumers are already facing rising fuel and food prices amid inflation, and transport fuel costs are likely to increase materially from 2028 as new EU renewable-fuel requirements for road transport and aviation take effect.
