country · Asia
As of early October 2026, a gallon of regular gasoline in Cyprus averages $7.44 — that is $1.97 per litre, and ranks #183 of 225 places we track, where #1 is the cheapest.
In local money that is roughly 1.75 EUR per litre, at the exchange rate of mid Oct 2026.
Heavily taxed
Crude costs roughly the same everywhere — high fuel and value-added taxes are what push Cyprus's pump price this high.
An estimated split of a $7.44 gallon in Cyprus. Crude oil trades as one global price, so the part that differs between countries is mostly tax.
| Component | Per gallon | Per litre |
|---|---|---|
| Crude | $2.10 | $0.55 |
| Refining | $0.55 | $0.15 |
| Distribution | $0.85 | $0.22 |
| Tax | $3.94 | $1.04 |
| Pump price | $7.44 | $1.97 |
| Comparison | Per gallon | Difference |
|---|---|---|
| Cyprus | $7.44 | — |
| World average of all 225 | $5.55 | +$1.89 |
| Asia average | $5.13 | +$2.31 |
| Cheapest anywhere — Libya | $0.09 | −$7.35 |
| Priciest anywhere — Hong Kong | $16.70 | +$9.26 |