Gas prices ordered down

TRADE and Industry minister, George Lillikas issued an order setting the ceiling price of a ten-kilo cylinder of gas at £4.10 at the weekend.

Prices were judged as unjustifiably high, with gas cylinders currently selling for between 20 and 70 cents higher than they should have been.

In January, gas companies reduced their prices but distributors did not follow suit, resulting in an increase in retail prices. On top of that, the ministry found out that the distributors increased their profit margins substantially, despite a reassessment before the price liberalisation.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.