Economy category powered by

Annual decline of 1.3% in petroleum product sales in October

Sales of Cyprus’ petroleum product recorded a 1.3% decline in October 2023, totaling 130,677 tonnes, marking a downturn compared to the same month in 2022.

According to CySTAT, notable decreases were recorded in sales of kerosene (-48.1%), heating gasoil (-33.9%), and light fuel oil (-29.1%). Conversely, a surge was witnessed in sales of aviation kerosene (13.6%) and marine gasoil (6.5%), along with increased sales in heavy fuel oil (53.5%), road diesel (4.4%), motor gasoline (3.9%), and liquified petroleum gases (1.7%). Filling stations experienced a marginal upswing of 0.3%, reaching 55,192 tonnes.

Total petroleum product sales remained stable in October 2023 compared to September of the same year. Highlights include a robust 97.0% increase in heavy fuel oil sales, while motor gasoline and road diesel sales were reduced by 3.7% and 2.2%, respectively. Meanwhile, provisions for aviation kerosene and marine gasoil remained consistent. Total petroleum product stocks declined by 4.2% from the previous month.

The total sales of petroleum products from January to October 2023 exhibited resilience, holding steady in comparison to the corresponding period in the previous year.

(Source: CNA)

Read More

Cyprus considering new natural gas licensing rounds
China-Cyprus trade at one billion dollars in 2023, Chinese Ambassador says
Shipping Minister in Hong Kong then London where she will announce Cyprus' IMO candidacy
"Prometheus" FSRU to begin its journey from Shanghai in December, Minister says
Jason Cave: The entire regulatory structure in the US will undergo a fundamental change with Trump in charge
Cyprus salaries lag as EU average climbs, Eurostat data show
Compliance with DORA Regulation: The need for digital resilience in the financial sector
NPLs down by €15 million in August, CBC data show
Cyprus is becoming a well-established attraction for major film production companies
Interior Ministry terminates Liopetri River fishing shelter contract with contractor and engineer