Sales of petroleum products up 1.4% in May, year-on-year

14:48 - 27 June 2023

Economy Reporter

In May 2023, the total sales of petroleum products amounted to 122,581 tonnes, recording an increase of 1.4% compared to May 2022, according to data published by CySTAT.

A rise was observed in the provisions of aviation kerosene up by 9.1%, as well as in the sales of heavy fuel oil that recorded an increase of 328.8%, kerosene 58%, asphalt by 40.4%, liquefied petroleum gases 9.5%, road diesel by 5.8% and motor gasoline by 4%.

On the contrary, a decrease was observed in the provisions of marine gasoil by 12.7%, as well as in the sales of light fuel oil, down by 27.1% and heating gasoil by 0.9%.

As far as the sales from filling stations are specifically concerned, these have registered an increase of 4.3% to 56,144 tonnes.

The total sales of petroleum products in May 2023 compared to April 2023 recorded an increase of 16.2%. Indicatively, the provisions of marine gasoil and aviation kerosene rose by 82.1% and 15.1% respectively, and so did the sales of road diesel, by 16.5% and motor gasoline by 12.8%.

The total stocks of petroleum products at the end of May 2023 fell by 6.8% compared to the end of the previous month.

During the period January – May 2023, the total sales of petroleum products dropped by 3.8% compared to the corresponding period of the previous year.

(Source: CNA)

Sales of petroleum products up 1.4% in May, year-on-year

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