Cyprus oil product sales dip in September

Total sales of oil products in Cyprus reached 130,124 tonnes in September 2024, marking a marginal decrease of 0.4 per cent compared to September 2023, according to a report from the Cyprus Statistical Service (Cystat).

The report highlighted declines in several categories, including supplies of oil to ships, which fell by 2.5 per cent, and kerosene sales, which plummeted by 62.3 per cent.

Other reductions were noted in light fuel oil (-17.7 per cent), asphalt (-9.7 per cent), heating oil (-2.1 per cent), and liquefied gas (-0.6 per cent).

Conversely, there were increases in supplies of oil to aircraft, which rose by 2.4 per cent, as well as in sales of heavy fuel oil (52.6 per cent), petrol (3.8 per cent), and diesel (2.3 per cent).

Specifically, sales from petrol stations showed an increase of 2.9 per cent, totalling 57,914 tonnes.

When comparing total oil product sales for September 2024 with those in August 2024, there was a notable rise of 4.4 per cent.

Noteworthy increases were also seen in sales of diesel (11.3 per cent) and petrol (1.2 per cent), although supplies of oil to aircraft decreased by 8.8 per cent.

Additionally, total oil product inventories at the end of September 2024 grew by 31.1 per cent compared to the end of the previous month.

For the period from January to September 2024, total oil product sales recorded an increase of 1.1 per cent compared to the same period in the previous year.