Posts by tag: Stratfor

Archives July 30, 2011 posted by

Fuel price increase adds to the gloom

AN increase in fuel prices this week came to add to the gloom felt by the public in the wake of a deadly blast that knocked out the island’s main power station with all the repercussions it entails.

The hikes came as international oil prices went up and according to one fuel company official, prices should have gone up last week.

The fuel company hikes concern a couple of cents or three but ultimately it is what consumers pay at the pump that counts.

The Cyprus Mail conducted a short survey in Nicosia yesterday to compare prices. It also confirmed that prices vary even among stations of the same fuel company.

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