Petroleum product sales climb 11.2 per cent in January

Total petroleum product sales in Cyprus reached 118,460 tonnes in January, representing an 11.2 per cent increase compared to the same month in the previous year, according to the Cyprus Statistical Service (Cystat).

A significant rise was observed in the provisions of marine gasoil, which skyrocketed by 175.3 per cent during this period.

The aviation kerosene sector also experienced growth, with a recorded increase of 23.2 per cent compared to January 2025.

Demand for heating gasoil surged by 25.2 per cent, while sales of liquefied petroleum gases and asphalt grew by 13.4 per cent and 13.2 per cent respectively.

Conversely, a sharp drop was observed in the sales of light fuel oil, which fell by 62.3 per cent, alongside a 12.1 per cent decrease in heavy fuel oil.

Road diesel sales saw a minor decline of 1.6 per cent, while the sales of motor gasoline remained relatively stable with a marginal increase of 0.3 per cent.

When looking specifically at sales from filling stations, the figures registered a rise of 3.5 per cent, reaching a total of 58,500 tonnes.

On a month-on-month basis, the total sales of petroleum products in January 2026 recorded a fall of 3.9 per cent compared to December 2025.

Indicatively, a drop was recorded in the provisions of aviation kerosene which decreased by 10.0 per cent on a monthly basis.

A more pronounced monthly decline was seen in motor gasoline and road diesel, which fell by 13.1 per cent and 11.9 per cent respectively.

However, the provisions of marine gasoil continued their upward trajectory with a monthly increase of 15.6 per cent.

The total stocks of petroleum products at the end of January 2026 recorded a significant decrease.

These stock levels fell by 33.0 per cent compared to the quantities held at the end of the previous month.