**Cyprus Extends 8.33-Cent Fuel Duty Cut to November 30**
**Nicosia, Cyprus** – The Council of Ministers of Cyprus has announced an extension of the 8.33-cent-per-litre reduction in excise duty on petrol and diesel, now set to remain in effect until November 30, 2026. This decision, confirmed by Finance Minister Makis Keravnos, comes as part of the government's ongoing efforts to support households and businesses amid persistently high fuel prices.
Originally set to expire on September 17, the excise duty cut aims to alleviate some of the financial burdens faced by consumers due to rising fuel costs. The measure applies equally to both petrol and diesel, reflecting the government's commitment to addressing the economic challenges posed by fluctuating international energy prices.
Minister Keravnos emphasized the importance of this extension, stating that it demonstrates the government's determination to provide continued support to the public during challenging economic times. He also indicated that the Ministry of Finance will keep a close watch on developments in international energy markets to inform future decisions regarding fuel taxation.
The extension of the fuel duty cut is expected to benefit a broad range of stakeholders, including everyday consumers and businesses that rely on fuel for transportation and operations. As fuel prices remain a significant concern for many, this move may help mitigate some of the financial strain faced by families and enterprises across the island.
In related news, the police union has recently called for legislative changes concerning the handling of mental health patients, highlighting ongoing issues within the law enforcement framework. As discussions around public safety and health continue, the government remains focused on addressing various economic and social challenges faced by the population.
This extension of the fuel duty cut is part of a larger strategy by the Cypriot government to navigate the complexities of the current economic landscape while ensuring that citizens receive necessary support. As the situation evolves, further adjustments may be made depending on the trajectory of international fuel prices and domestic economic conditions.