Taçoy: There Will Be No Fuel Shortage

Taçoy said the strike at K-Pet will not cause any fuel shortage in the country. He said the fuel and gas the market needs is being supplied by an alternative supplier.

Taçoy noted serious instability in global fuel prices, which are continuing to trend upward, and stressed that this is not unique to the Turkish Republic of Northern Cyprus. He said similar problems are being experienced in South Cyprus, recalling that Greek Cypriot Administration leader Nikos Christodoulides said a few days ago there was nothing they could do about price increases.

Taçoy said: “Right next to us in South Cyprus, despite being European Union members, similar situations are being experienced. Both they and we are negatively affected by price increases on world stock exchanges.” He said they are closely following global developments in the fuel market and that necessary measures have been taken so citizens are not harmed and the country’s energy needs are met without interruption.