Cyprus Fuel Prices Drop 7.9% In July, Among EU’s Largest Declines

by THEFUTURE.TEAM

August 25, 2026

Cyprus Among EU Leaders In Monthly Fuel Price Declines

Cyprus recorded some of the largest monthly fuel price declines in the European Union. Diesel prices fell 7.9% in July, the sharpest monthly decrease in the bloc, followed by Sweden at 7.4% and Ireland at 6.4%.

Petrol prices also declined sharply in Cyprus, with the country recording the second-largest monthly drop after Sweden, where prices fell 11.1%.

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Annual Fuel Costs Remain Above 2025 Levels

Despite the monthly decline, fuel remains significantly more expensive than a year earlier. In June 2026, the cost of fuels and lubricants for personal transport in Cyprus was 18.6% higher than in June 2025, placing the country among the EU members with the largest annual increases.

Across the EU, the annual increase slowed from 20.7% in May to 13.7% in June before rising to 16.9% in July. Monthly declines therefore have not yet brought fuel costs back to 2025 levels.

Fuel Costs Continue To Affect Businesses

Lower prices in July reduced some of the pressure on households after months of higher fuel costs. Businesses that rely on road transport remain more exposed to the annual increase, which can affect logistics and operating costs.

Cyprus therefore recorded a sharp monthly decline while still facing one of the larger year-on-year increases in the EU.

Cyprus Ranks Among EU Countries With Lowest Fuel Prices

Weekly data from the European Commission’s Weekly Oil Bulletin showed average prices in Cyprus at €1.56 per litre for 95-octane unleaded petrol and €1.70 for diesel at the beginning of August.

Using data with a reference date of Aug. 17, Cyprus had the fifth-lowest petrol price among the EU’s 27 countries. Diesel prices were also the fifth-lowest in the bloc.

The July decline has reduced fuel prices in Cyprus, but costs remain above their levels a year earlier.

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Europe’s Busiest Ports Show The Scale Of Maritime Trade

by THEFUTURE.TEAM

September 7, 2026

Maritime transport carried roughly 13 billion tonnes of goods worldwide in 2024, highlighting its central role in global trade and supply chains. EU ports handled about 3.4 billion tonnes, or 26% of the global total, while nearly 90% of the bloc’s external freight trade is carried by sea.

Rotterdam And Antwerp-Bruges Lead The EU

Rotterdam was the EU’s busiest port in 2024, handling 397.3 million tonnes of goods. Antwerp-Bruges ranked second with 243.7 million tonnes, putting the two northern European hubs well ahead of the rest.

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Hamburg ranked third at 97 million tonnes, followed by Spain’s Algeciras at 81.5 million tonnes and Amsterdam at 78.8 million tonnes. France’s HAROPA port complex, covering Le Havre and Rouen, handled 76.6 million tonnes, while Gdansk recorded 71 million tonnes.

Marseille and Valencia followed with 66 million and 64.5 million tonnes, respectively. Romania’s Constanta completed the top 10 at 57.6 million tonnes, reflecting the Black Sea’s role in Europe’s wider trade network.

Europe’s Second Tier Of Major Ports

Several ports handled between 40 million and 56 million tonnes in 2024. Barcelona recorded 55.5 million tonnes, followed by Trieste at 53.5 million, Genoa at 47.4 million and Sines at 44.1 million.

Piraeus handled 43.7 million tonnes, while Germany’s Bremerhaven recorded 42.5 million. Sweden’s Göteborg handled 38.5 million tonnes and Dunkerque in France 36.8 million.

Netherlands Leads By National Port Volume

Looking at total cargo across each country’s ports, the Netherlands ranked first with 538.1 million tonnes in 2024. Italy followed with 488.6 million tonnes and Spain with 486 million tonnes, putting all three well ahead of the rest of the EU.

Belgium ranked fourth at 274.9 million tonnes, followed by Germany at 273.9 million and France at 269.8 million. Greece, Sweden and Poland each handled more than 100 million tonnes, showing the breadth of Europe’s maritime network.

Turkey Expands The Regional Picture

Including EU candidate countries and EFTA members puts Turkey in second place with 524.7 million tonnes, behind the Netherlands. Norway ranked eighth with 212.1 million tonnes and handled 212.1 million tonnes.

The European Commission has described maritime transport as a long-standing driver of European economic development. Its role now extends beyond moving cargo, with ports increasingly tied to supply chains, energy security and industrial policy.

In March 2026, the Commission adopted two strategies focused on competitiveness, sustainability, security and resilience across the EU’s waterborne sector, including ports, shipping and shipbuilding.

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