29/08/2022 16:02
Total sales of petroleum product in Cyprus dropped by an annual 0.7% in July 2022, with fuel sales from fuel pumps recording annual reductions for a second consecutive month, in the midst of soaring energy prices.
According to data released on Monday by the Statistical Service of Cyprus (Cystat), total sales of petroleum products in July 2022 amounted to 115,926 tonnes, recording a drop of 0.7% compared to July 2021.
A decrease was recorded in the sales of light (-38.7%) and heavy (-12.8%) fuel oil, asphalt (-22.2%), motor gasoline (-11.5%) and road diesel (-11.3%).
As part of the recovery in travel and maritime transport from the COVID-19 pandemic, an increase was observed in the provisions of aviation kerosene (60.3%) and of marine gasoil (37.9%). Annual increases were also registered in the sales of kerosene (57.4 %) and heating gasoil (8.9%).
Sales from filling stations dropped by 13.3% to 51,868 tonnes, marking an annual drop for a second consecutive month.
Furthermore, compared with June 2022, the total sales of petroleum products recorded a fall of 8.2%.
The provisions of aviation kerosene rose by 2.7% while the sales of motor gasoline dropped by 2.9% and those of road diesel by 2.7%.
The total stocks of petroleum products at the end of July 2022 rose by 2.2% compared to the end of the previous month.
During the period January – July 2022, the total sales of petroleum products increased by 18.6% compared to the corresponding period of the previous year.