We are demonstrating and calling for emergency measures to address the rise in fuel prices

Statement by Giorgos Koukoumas, Member of the Central Committee of AKEL and Member of Parliament

When will the government finally take notice of the cost of living crisis?

27 September 2026, AKEL C.C. Press Office, Nicosia

At a time when other European countries are cutting taxes and taking emergency measures in response to fuel price rises, the Christodoulides government either fails to realise or remains unmoved by the pressure being felt by the vast majority of society. It is piling up increased revenue in the state coffers due to expensiveness, patting itself on the back for credit rating upgrades, but is doing nothing to support society – the vulnerable groups of the population, households and the middle strata.

AKEL calls on the government to recognise the reality of the situation and to provide emergency, targeted support to low- and middle-income earners in the face of the new fuel price rises. In other words, for as long as the situation with fuel prices persists, it should introduce:

1. a transport allowance for low- and middle-income households with children,
2. targeted one-off heating support in preparation for winter, and
3. a 50 per cent reduction in vehicle registration fees for 2027 for the poorest households.

The following are also required:

• an end to double taxation on fuel, control and transparency regarding fuel prices and, in relation to electricity:
• a permanent 5 per cent VAT rate and the extension of social pricing schemes.

There is also an urgent need for an energy-efficiency upgrade scheme for older homes and housing policy measures to address rises in interest rates and rents.

Increased government revenue – due to expensiveness – revenue from pollution charges, the taxation of windfall profits, and the introduction of a levy on very high-value property can serve as a source of funding to provide substantial support for society.

The means and the resources are all there.

What is lacking is the government’s will. That is precisely why we are demonstrating tomorrow, Monday 28 September, outside the Ministry of Finance at 18:00.