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Annual Change in Sales -3.2%
In March 2024, total sales of petroleum products reached 108,200 tonnes, a decrease of 3.2% compared to March 2023. A decline was recorded in supplies of oil to ships (-6.8%), as well as in sales of heavy and light fuel oil (-32.9% each), bitumen (-7.9%) and LPG (-4.4%). In contrast, an increase was recorded in supplies of oil to aircraft (3.4%), as well as in sales of kerosene (21.6%), heating oil (10.4%), diesel (0.9%) and gasoline (0.2%). As for sales from petrol stations in particular, these showed a marginal increase of 0.4% to 56,450 tonnes.
Total sales of petroleum products in March 2024 compared to February 2024 fell by 6.3%. Indicatively, sales of heating oil (-17.8%) and light fuel oil (-43.0%) decreased, while supplies of oil to aircraft (17.8%) and sales of motor oil (10.1%) and gasoline (7.5%) increased. Total petroleum product inventories at the end of March 2024 increased by 9.6% compared to the end of the previous month.
In the January-March 2024 period, total petroleum product sales rose 0.9% compared to the same period last year.
| Table 1 |
[TR] [TD]
Products
[/TD] [TD]Total Sales (tonnes)
[/TD] [TD]Total Sales (tonnes)
[/TD] [TD]Percentage Change (%)
[/TD] [/TD] [/TR] [TR] [TD]Mar 2024
[/TD] [TD]Mar 2023
[/TD] [TD]Jan - Mar 2024
[/TD] [TD]Jan - Mar 2023
[/TD] [TD]Mar 2024/2023
[/TD] [TD]Jan - [/TD] [TD]
Jan - March
2024/2023
[/TD] [/TR] [TR] [TD]Unleaded petrol
[/TD] [TD]27.046
[/TD] [TD]27.000
[/TD] [TD]76.993
[/TD] [TD]73.837
[/TD] [TD]0,2
[/TD] [TD]4,3
[/TD] [/TD] [/TR] [TR] [TD]Airplane Gasoline
[/TD] [TD]1
[/TD] [TD]2
[/TD] [TD]4
[/TD] [TD]6
[/TD] [TD]-50,0
[/TD] [TD]-33.3
[/TD] [/TR] [TR] [TD]Airplane Oil
[/TD] [TD]16.132
[/TD] [TD]15,602
[/TD] [TD]44,226
[/TD] [TD]41.620
[/TD] [TD]3,4
[/TD] [TD]6,3
[/TD] [/TD] [/TR] [TR] [TD]Kerosene
[/TD] [TD]981
[/TD] [TD]807
[/TD] [TD]4.808
[/TD] [TD]5.751
[/TD] [TD]21.6
[/TD] [TD]-16.4
[/TD] [/TD] [/TR] [TR] [TD]Motor Oil
[/TD] [TD]29.769
[/TD] [TD]29.491
[/TD] [TD]82.880
[/TD] [TD]78,955
[/TD] [TD]0.9
[/TD] [TD]5.0
[/TD] [/TR] [TR] [TD]Agricultural Oil
[/TD] [TD]1.914
[/TD] [TD]1.589
[/TD] [TD]4.841
[/TD] [TD]4.146
[/TD] [TD]20.5
[/TD] [TD]16.8
[/TD] [/TD] [/TR] [TR] [TD]Heating Oil
[/TD] [TD]8.426
[/TD] [TD]7.635
[/TD] [TD]29.354
[/TD] [TD]31.958
[/TD] [TD]10.4
[/TD] [TD]-8.1
[/TD] [/TD] [/TR] [TR] [TD]Shipping Oil
[/TD] [TD]6.027
[/TD] [TD]6.464
[/TD] [TD]21.883
[/TD] [TD]19.9,937
[/TD] [TD]-6.8
[/TD] [TD]9.8
[/TD] [/TD] [/TR] [TR] [TD]Light Mazut
[/TD] [TD]8,566
[/TD] [TD]12,775
[/TD] [TD]38,017
[/TD] [TD]43.707
[/TD] [TD]-32.9
[/TD] [TD]-13.0
[/TD] [/TD] [/TR] [TR] [TD]Heavy Mass
[/TD] [TD]1.201
[/TD] [TD]1.791
[/TD] [TD]3.704
[/TD] [TD]3.169
[/TD] [TD]-32.9
[/TD] [TD]16,9
[/TD] [/TR] [TR] [TD]Lubricating Oils
[/TD] [TD]200
[/TD] [TD]235
[/TD] [TD]690
[/TD] [TD]657
[/TD] [TD]-14,9
[/TD] [TD]5.0
[/TD] [/TR] [TR] [TD]Asphalt
[/TD] [TD]3.087
[/TD] [TD]3.353
[/TD] [TD]8.320
[/TD] [TD]7.772
[/TD] [TD]-7.9
[/TD] [TD]7.1
[/TD] [/TD] [/TR] [TR] [TD]LPG
[/TD] [TD]4.850
[/TD] [TD]5.073
[/TD] [TD]17.611
[/TD] [TD]18.837
[/TD] [TD]-4.4
[/TD] [TD]-6.5
[/TD] [/TD] [/TR] [TR] [TD]Total
[/TD] [TD]108.200
[/TD] [TD]111,817
[/TD] [TD]333,331
[/TD] [TD]330.352
[/TD] [TD]-3.2
[/TD] [TD]0,9
[/TD] [/TR]
| Table 2 |
[TR] [TD]
Products
[/TD] [TD]Sales from petrol stations (tonnes)
[/TD] [/TD] [TD]
Percentage Change (%)
[/TD] [/TR] [TR] [TD]
Mar 2024
[/TD] [TD]Mar 2023
[/TD] [/TD] [TD]
Jan - Mar 2024
[/TD] [TD]Jan - Mar 2023
[/TD] [TD]Mar 2024/2023
[/TD] [TD]Jan - [/TD] [TD]
Jan - March
2024/2023
[/TD] [/TR] [TR] [TD]Unleaded petrol
[/TD] [TD]26.794
[/TD] [TD]26.723
[/TD] [TD]76.314
[/TD] [TD]73.092
[/TD] [TD]0.3
[/TD] [TD]4.4
[/TD] [/TD] [/TR] [TR] [TD]Kerosene
[/TD] [TD]740
[/TD] [TD]628
[/TD] [TD]3.674
[/TD] [TD]4,400
[/TD] [TD]17.8
[/TD] [TD]-16.5
[/TD] [/TD] [/TR] [TR] [TD]Motor Oil
[/TD] [TD]22.785
[/TD] [TD]23.296
[/TD] [TD]65.128
[/TD] [TD]62.129
[/TD] [TD]-2.2
[/TD] [TD]4.8
[/TD] [/TD] [/TR] [TR] [TD]Agricultural Oil
[/TD] [TD]1.162
[/TD] [TD]1.028
[/TD] [TD]3.177
[/TD] [TD]2.755
[/TD] [TD]13.0
[/TD] [TD]15.3
[/TD] [/TD] [/TR] [TR] [TD]Heating Oil
[/TD] [TD]4.824
[/TD] [TD]4.404
[/TD] [TD]18.276
[/TD] [TD]19.952
[/TD] [TD]9.5
[/TD] [TD]-8,4
[/TD] [/TR] [TR] [TD]Light Mazut
[/TD] [TD]56
[/TD] [TD]34
[/TD] [TD]133
[/TD] [TD]113
[/TD] [TD]64.7
[/TD] [TD]17,7
[/TD] [/TR] [TR] [TD]Lubricating Oils
[/TD] [TD]89
[/TD] [TD]98
[/TD] [TD]292
[/TD] [TD]261
[/TD] [TD]-9,2
[/TD] [TD]11.9
[/TD] [/TD] [/TR] [TR] [TD]Total
[/TD] [TD]56.450
[/TD] [TD]
56,211
[/TD] [TD]166,994
[/TD] [TD]162.702
[/TD] [TD]0.4
[/TD] [TD]2,6
[/TD] [/TR] [/TR]
Methodological Information
Purpose and Coverage
To collect data on imports, Sales and Stocks of Petroleum Products is carried out on a monthly basis.
It covers sales of petroleum products from petroleum service stations and sales to government departments, British Bases and the United Nations, ships and other customers, as well as stocks at the end of each month. Only oil companies are covered. In addition, it includes imports of petroleum products directly from the Cyprus Electricity Authority (CPA) and the manufacturing industry.
Data collection
Data is collected on a monthly basis by the Statistical Service, which receives the specially designed questionnaire electronically from each of the companies concerned.
For more information, interested parties can visit the Statistical Service Portal, under Energy, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information or contact Ms. Naisika Apostolou (tel.: 22602199, e-mail: napostolou@cystat.mof.gov.cy).
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and thereafter, the update is done only in the CYSTAT-DB Database.
(GG/NZ)
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Views & opinions expressed are those of the author and/or PIO
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