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12° Nicosia,
28 February, 2024
 
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Declines in kerosene and heating gasoil offset by surges in aviation fuel sales

From less home heat to more plane power - A simple look at Cyprus' fuel shifts

Source: CNA

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

According to the Statistical Service of Cyprus, 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 gas oil (6.5%), along with increased sales of 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.

TAGS
Cyprus  |  energy  |  gas  |  inflation  |  economy

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