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    "headline": "Cyprus Extends Fuel Tax Cut Amid Rising Oil Prices",
    "dek": "Cyprus Finance Minister extends fuel tax relief for one to two months as oil prices rise.",
    "prose": "Cyprus Finance Minister Makis Keravnos announced on Tuesday that the fuel consumption tax reduction would be extended for another one or two months. [^1]\n\nChristodoulos Christodoulou, Vice President of the Fuel Association of Cyprus, stated on 2026-04-12 that fuel prices remain at very high levels despite the extension of reduced taxes until November. [^2]\n\nChristodoulos Christodoulou estimated that should such a relief lapse, diesel could approach €2 a litre. [^3]\n\nOil is presently trading at $90 to $91 (€78 to €79) a barrel, having risen from around $80 (€69) a barrel within a week. [^4]\n\nThe current extension of reduced excise duty on fuel expires on September 17. [^5]\n\nChristodoulos Christodoulou claimed that without the current reduced tax measure, the price of diesel would be approximately €1.95 per liter. [^6]\n\nChristodoulos Christodoulou reported that regular 95-octane gasoline is priced at approximately €1.60 per liter and diesel is priced at approximately €1.86 per liter with the reduced tax measure in place. [^7]\n\nChristodoulos Christodoulou warned that heating oil prices have increased significantly and are approaching €1.48 per liter, creating serious problems for households as winter approaches. [^8]",
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