Press Releases

Annual Change in Sales -0,2 %

In May 2024, the total sales of petroleum products amounted to 122.359 tonnes, recording a minor drop of 0,2% compared to May 2023. A decrease was observed in the provisions of marine gasoil (-30,1%), as well as in the sales of heavy fuel oil (-26,5%), heating gasoil (-19,4%), road diesel (-6,5%) and motor gasoline (-2,0%). On the contrary, an increase was recorded in the provisions of aviation kerosene (4,2%) as well as in the sales of light fuel oil (58,7%). As far as the sales from filling stations are specifically concerned, these have decreased by 4,7% to 53.484 tonnes.

The total sales of petroleum products in May 2024 compared to April 2024 recorded an increase of 6,4%. Indicatively, a rise was recorded in the provisions of aviation kerosene (12,7%) and in the sales of road diesel (3,9%) and gasoline (3,4%). The total stocks of petroleum products at the end of May 2024 rose by 27,2% compared to the end of the previous month.

During the period January – May 2024, the total sales of petroleum products increased by 2,2% compared to the corresponding period of the previous year.

Methodological Information

Scope and Coverage

The collection of data on Imports, Sales and Stocks of Petroleum Products is carried out on a monthly basis.

It concerns the sales of petroleum products from filling stations and the sales to government departments, to the British Bases and the United Nations, to ships and to other customers, as well as the stocks held at the end of each month. Only the petroleum companies are being covered. Additionally, the imports of petroleum products imported directly from the Electricity Authority of Cyprus (EAC) and the manufacturing industry are also included.

Data Collection

The collection of data is conducted by the Statistical Service on a monthly basis by electronically receiving a purpose-designed questionnaire from each of these companies.

For more information, visit CYSTAT Portal, subtheme Energy, CYSTAT-DB (Online Database), Predefined Tables (Excel), Methodological Information or contact Ms Nafsika Apostolou at 22602199 or via e-mail: napostolou@cystat.mof.gov.cy.

The Predefined Tables, available in Excel format, include data up to December 2022. Data from January 2023 onwards are available only in the CYSTAT-DB Online Database.

(GS/EP)