Cyprus experienced an overall decline in the sales of petroleum products during June, which amounted to 127,395 tonnes, marking a 4.1 per cent decrease compared to June 2023, according to the latest figures released on Friday by the Cyprus Statistical Service (Cystat).

Notably, there was a significant drop in the supply of oil to ships, down by 32.3 per cent, as well as a substantial decrease in sales of kerosene (68.8 per cent), heating oil (28.7 per cent), heavy fuel oil (15.7 per cent), fuel oil (8.9 per cent), and petrol (1.8 per cent).

Conversely, there was an increase in the supply of oil to aircraft by 3.9 per cent, along with a rise in sales of light fuel oil (12.0 per cent) and bitumen (11.9 per cent).

What is more, sales from petrol stations decreased by 5.6 per cent to 55,950 tonnes.

When compared to May 2024, total sales of petroleum products in June 2024 rose by 4.1 per cent.

Specifically, there was a notable increase in the supply of petroleum to aircraft, which surged by 12.9 per cent, alongside a rise in sales of gasoline (5.4 per cent) and motor oil (5.1 per cent).

However, it is worth noting that despite this monthly increase, the overall sales in June 2024 showed a decline of 20.9 per cent compared to the end of the previous month.

Finally, for the period from January to June 2024, total sales of petroleum products experienced a slight increase of 1.0 per cent compared to the same period in the previous year.