If and if deemed necessary, a ceiling will be imposed on wholesale and retail prices of both petroleum and basic consumer goods, said the President of the Republic, Nikos Anastasiadis.
Speaking at the award ceremony of the Cyprus Export Award for the year 2020, which took place at the Presidential Palace, Mr. Anastasiadis said that he fully understands the concerns of both citizens and the business world, regarding the significant increases in basic consumer products, especially “As a result of the Russian invasion of Ukraine and the consequent consequences of sanctions imposed on Russia or possibly imposed on Russia.” while “there is a continuous evaluation of the measures that can potentially be taken to further support the economy and especially the vulnerable groups”.
At the same time, he continued, and Industry have implemented a series of measures such as the intensification of controls and oil prices and the systematic monitoring of “of changes in the prices of basic consumer goods and continuous consultation with all stakeholders, so that, if and when deemed necessary, a ceiling is imposed on wholesale and retail prices”, noted.
Source: KYPE
