Coronavirus: Petrol sales plummeted in March

In March 2020, the month during which Covid-19 containment measures were introduced, total sales of petroleum products came to 105,776 tonnes, a decrease of 11.7 per cent compared to March 2019.

According to the Statistical Service of Cyprus, sales of motor gasoline declined by 30.7 per cent and of low-sulphur gasoil by 18.0 per cent, while supplies of aviation fuel dropped by 45.9 per cent.

Sales at petrol stations dropped by 22.6 per cent, to 43,143 tonnes.

Total petroleum stocks at the end of March 2020 were 32.0 per cent higher than at the end of February.

Compared to February 2020, total sales of petroleum products in March 2020 recorded a decrease of 18.5 per cent.

A drop was recorded in the supply of gasoil for ships and aviation fuel, as well as in the sales of kerosene, gasoil, asphalt, liquefied petroleum gas, heavy fuel oil, motor gasoline and low-sulphur gasoil. A rise was observed only in the supply of light fuel oil to ships.

From January to March 2020, total sales of petroleum products were up 4.0 per cent compared to the corresponding period in 2019.

 

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.