Imports, Sales and Stocks of Petroleum Products: June 2024
26/07/24 16:53 | Press release | Economy and Finance
Annual Change in Sales -4,1 %
In June 2024, the total sales of petroleum products amounted to 127.395 tonnes, recording a drop of 4,1% compared to June 2023. A decrease was observed in the provisions of marine gasoil (-32,3%), as well as in the sales of kerosene (-68,8%), heating gasoil (-28,7%), heavy fuel oil (-15,7%), road diesel (-8,9%) and motor gasoline (-1,8%). On the contrary, an increase was recorded in the provisions of aviation kerosene (3,9%) as well as in the sales of light fuel oil (12,0%) and asphalt (11,9%). As far as the sales from filling stations are specifically concerned, these have decreased by 5,6% to 55.950 tonnes.
The total sales of petroleum products in June 2024 compared to May 2024 recorded an increase of 4,1%. Indicatively, a rise was recorded in the provisions of aviation kerosene (12,9%) and in the sales of gasoline (5,4%) and road diesel (5,1%). The total stocks of petroleum products at the end of June 2024 dropped by 20,9% compared to the end of the previous month.
During the period January – June 2024, the total sales of petroleum products increased by 1,0% compared to the corresponding period of the previous year.
| Table 1 | |||||||
| Products | Total Sales (tonnes) | Percentage Change (%) | |||||
| June 2024 | June 2023 | Jan – June 2024 | Jan – June 2023 | June 2024/2023 | Jan – June 2024/2023 | ||
| Unleaded Motor Gasoline | 29.030 | 29.567 | 160.211 | 156.454 | -1,8 | 2,4 | |
| Aviation Gasoline | 1 | 2 | 8 | 12 | -50,0 | -33,3 | |
| Aviation Kerosene | 32.311 | 31.097 | 130.536 | 124.029 | 3,9 | 5,2 | |
| Kerosene | 35 | 112 | 5.036 | 6.351 | -68,8 | -20,7 | |
| Road Diesel | 30.356 | 33.304 | 169.889 | 169.627 | -8,9 | 0,2 | |
| Gasoil for Agriculture Use | 1.696 | 1.918 | 10.626 | 9.560 | -11,6 | 11,2 | |
| Heating Gasoil | 3.658 | 5.134 | 40.899 | 47.662 | -28,7 | -14,2 | |
| Gasoil for Marine use | 5.639 | 8.328 | 41.698 | 43.955 | -32,3 | -5,1 | |
| Light Fuel Oil | 16.565 | 14.784 | 83.761 | 77.996 | 12,0 | 7,4 | |
| Heavy Fuel Oil | 1.409 | 1.671 | 7.580 | 7.047 | -15,7 | 7,6 | |
| Lubricants | 255 | 278 | 1.480 | 1.412 | -8,3 | 4,8 | |
| Asphalt | 3.320 | 2.967 | 17.959 | 16.645 | 11,9 | 7,9 | |
| Liquefied Petroleum Gases | 3.120 | 3.666 | 28.430 | 30.538 | -14,9 | -6,9 | |
| Total | 127.395 | 132.828 | 698.113 | 691.288 | -4,1 | 1,0 | |
| Table 2 | |||||||
| Products | Sales from Filling Stations (tonnes) | Percentage Change (%) | |||||
| June 2024 | June 2023 | Jan – June 2024 | Jan – June 2023 | June 2024/2023 | Jan – June 2024/2023 | ||
| Unleaded Motor Gasoline | 28.712 | 29.245 | 158.675 | 154.857 | -1,8 | 2,5 | |
| Kerosene | 21 | 80 | 3.845 | 4.830 | -73,8 | -20,4 | |
| Road Diesel | 24.036 | 25.720 | 134.725 | 133.081 | -6,5 | 1,2 | |
| Gasoil for Agriculture Use | 1.158 | 1.403 | 7.016 | 6.674 | -17,5 | 5,1 | |
| Heating Gasoil | 1.889 | 2.705 | 24.345 | 28.607 | -30,2 | -14,9 | |
| Light Fuel Oil | 23 | 35 | 231 | 246 | -34,3 | -6,1 | |
| Lubricants | 111 | 110 | 628 | 573 | 0,9 | 9,6 | |
| Total | 55.950 | 59.298 | 329.465 | 328.868 | -5,6 | 0,2 | |
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.
(NZ/ΙΑ)