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20% rise in fuel prices in September

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20% rise in fuel prices in September

Theano Thiopoulou

More and more expensive fuels were sold in the first nine months of 2021 compared to last year, while in September the difference was very small. Last year was a special year with restrictions on the movement of citizens with the result that fuel sales are lower but also cheaper because the energy crisis had not appeared. Yesterday, the Statistical Service announced that sales of unleaded gasoline from gas stations were 30,073 tons in September, an increase of 0.3% compared to last year, while in the first half of the year sales increased by 8.1%.

It is also interesting how the prices went. More specifically in the category of gasoline, the consumer price index reached 105.93 points from 88.31 last year, marking an increase of 19.95%. In oil, the consumer price index was in September this year at 107.70 points from 90 last year, recording an increase of 19.66%. The price index for LPG (bottle) was 91.45 points last September and this year 118.63, recording an increase of 29.72% while the price index for lubricants remained at almost the same levels.

SEE ALSO: Fuel prices in Cyprus below the EU average

Yesterday Eurostat announced that over the last two decades, the prices of fuel and lubricants for personal transport in the EU have been extremely volatile, with annual inflation rates ranging from -20% to + 20%. This volatility has recently become very intense, with the annual rate of change climbing from a low of -20% in May 2020 to + 23% in September 2021. In Cyprus, fuel prices for transport use, according to Eurostat, have increased by about 20 % in September. Luxembourg recorded the highest annual rate of change among EU countries (+ 31%).

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Source: www.philenews.com

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