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The price increased and the demand for petroleum products increased

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The price increased and the demand for petroleum products increased

Total sales of petroleum products increased by 6.8% in the year 2021, compared to 2020, according to the Statistical Service, with the supply of oil to aircraft recording the largest increase by 63.9%.

Sales of asphalt (36.9%), petrol (7.3%) and diesel (7.2%) also increased.

On the contrary, decreases were observed in the sales of kerosene (-11.5%), heating oil (-9.2%), as well as in the supply of oil on ships (-5.2%).

In 2021, according to the Statistical Service, sales from petrol stations amounted to 659,863 tons, showing an increase of 4.9% compared to 2020.

Moreover, in December 2021, total sales of petroleum products reached 129,519 tons, an increase of 23.8% compared to December 2020.

There was an increase in oil supplies to aircraft (179.2%) and ships (135.7%), as well as to almost all other fuels. Indicatively, the sales of asphalt (19.7%), kerosene (19.0%), heating oil (16.4%), gasoline (7.6%) and diesel (1.2%) increased.

Regarding in particular the sales from oil stations, they showed an increase of 7.2% to 64,217 tons.

According to the Statistical Service, total sales of petroleum products in December 2021 compared to November 2021 increased by 12.0%.

Indicatively, the sales of gasoline increased by 8.5% and diesel by 2.7%, while on the contrary the supplies of oil on airplanes recorded a decrease of 23.1%. The total inventories of petroleum products at the end of December 2021 decreased by 3.6% compared to the end of the previous month.

Source: www.philenews.com

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