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12° Nicosia,
27 September, 2022
 
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Oil and gasoline sales decreased in June

Large decreases were also observed in asphalt sales, which recorded a 49.8% drop in June

Source: CNA

A total decrease of 6.8% was recorded in the sale of petroleum products in June, falling to 55,061 tons. Total sales of gasoline for June were down 5.9 percent, while diesel sales were down 10.4 percent, according to statistics released by the National Bureau of Statistics on Wednesday.

Large decreases were also observed in asphalt sales, which recorded a 49.8% drop in June, and heavy fuel oil sales, by 10.8%.

However, according to the data, total sales of petroleum products in June increased by 14.5% compared to June 2021, reaching 126,041 tons. This was mainly due to aircraft and marine oil supplies, which increased by 143.1% and 20.4% respectively, as well as sales of kerosene, light fuel oil, and heating oil, with increases of 175.6%, 28.2% and 22%.

Total sales of petroleum products in the month of June 2022 compared to May 2022 increased by 4.2%. Indicatively, oil supplies to airplanes increased by 13.8%, sales of diesel by 1.8% and gasoline by 1.6%. Total oil inventories at the end of June 2022 increased by 1.3% compared to the end of the previous month.

In addition, during the period January – June 2022, total sales of petroleum products increased by 22.4% compared to the corresponding period of the previous year, mainly due to jet fuel which increased by 236.3% during this period.

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Cyprus  |  economy  |  inflation

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