ARTICLE
10 February 2023

Imports, Sales And Stocks Of Petroleum Products: December 2022

Ki
KPMG in Cyprus

Contributor

KPMG has been operating in Cyprus since 1948 and currently employs more than 800 professionals working from 6 offices across the island. It is a member of KPMG International Limited, a global organisation of independent professional services firms providing Audit, Tax and Advisory services. KPMG operates in 143 countries and territories and has approximately 273,000 people working in member firms around the world. Clients look to KPMG for a consistent standard of service based on high-order professional capabilities, industry insight, local knowledge and expertise.
In December 2022, the total sales of petroleum products amounted to 118.203 tonnes, recording a decrease of 8,7% compared to December 2021.
Cyprus International Law

In December 2022, the total sales of petroleum products amounted to 118.203 tonnes, recording a decrease of 8,7% compared to December 2021. A decrease was observed in the provisions of marine gasoil (-42,5%) and in the sales of asphalt (-55,4%), kerosene (-39,9%), heating gasoil (-18,8%) and road diesel (-1,8%). On the contrary, a rise was recorded in the provisions of aviation kerosene (13,5%), as well as in the sales of heavy and light fuel oil (62,8% and 4,3% respectively) and motor gasoline (0,2%). As far as the sales from filling stations are specifically concerned, these have registered a fall of 7,5% to 59.381 tonnes.

The total sales of petroleum products in December 2022 compared to November 2022 recorded a rise of 2,8%. Indicatively, an increase was recorded in the sales of motor gasoline (7,5%) and road diesel (0,8%) while the provisions of aviation kerosene decreased (-15,0%). The total stocks of petroleum products at the end of December 2022 increased by 3,6% compared to the end of the previous month.

During the year 2022, the total sales of petroleum products increased by 9,9% compared to 2021. The provisions of aviation kerosene and marine gasoil rose by 67,7% and 8,0% respectively while an increase was also recorded in the sales of light fuel oil (13,8%), heating gasoil (12,4%), liquefied petroleum gases (10,3%) and motor gasoline (1,6%). On the contrary, a decrease was observed in the sales of asphalt (- 26,5%) and road diesel (-4,0%). In 2022 the sales from filling stations reached 654.073 tonnes, recording a slight fall of 0,9% compared to 2021.

Source:Cystat

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