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Covid sales of petroleum products continue to decline

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Covid sales of petroleum products continue to decline

The declining trend of oil sales in Cyprus continued in January 2021, which are affected by the restrictive measures against the coronavirus pandemic.

According to the data of the Statistical Service, in January 2021, the total sales of petroleum products reached 89,362 tons, a decrease of 31.8% compared to January 2020. It should be noted that the Covid pandemic in Cyprus occurred in March 2020 .

Compared to January 2020, reductions were observed in sales of gasoline by 34.0%, diesel by 13.7% and oil supplies on aircraft by 81.2%. Regarding in particular the sales from oil stations, they showed a drop of 25.8% to 45,030 tons.

It is worth noting that the total sales of petroleum products from gas stations in January 2021 decreased by 25.6% on an annual basis and fell to 45,030 tons, a decrease which reflects the restriction on the movement of both citizens and employees due to restrictive measures.

On a monthly basis, ie compared to December 2020, total sales of petroleum products in January 2021 decreased by 14.6%. In particular, there was a decline in sales of gasoline, diesel, asphalt, LPG, as well as oil supplies to aircraft. On the contrary, there was an increase in sales of heavy and light fuel oil, clean and crude oil and oil supplies to ships.

Compared to December 2020, sales of petroleum products from service stations decreased by 24.8%.

Total oil reserves at the end of January 2021 increased by 1.1% compared to the previous month.

Philenews / ΚΥΠΕ

Source: www.philenews.com

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