The Cypriot House of Representatives gave final approval on Thursday to extend reduced fuel excise duties until the end of August, voting 38-0 under an emergency procedure. The extension maintains the current rate cuts of 8.33 cents per litre for petrol and 6 cents per litre for diesel, which had been scheduled to expire at the end of June. The decision follows cabinet approval earlier this week, where government spokesman Konstantinos Letymbiotis explained that the measure is warranted because energy prices “are still at higher levels than normal, due to geopolitical developments.” The government estimates the fiscal impact of the two-month extension at approximately €12 million.