News Local Fuel sales slow compared to 2017

Fuel sales slow compared to 2017

Fuel sales have slowed down in the first eight months of 2018, compared to 2017, a Statistical Service report reveals.

The figures show that sales of 95-octane gasoline were reduced by 3.2% or by 7,000 tons, compared to 2017.

Although, sales of 98-octane gasoline were increased by 10.7% or 1.500 tons and diesel sales increased by 4.6% or 7.700 tons, growth if slowing down.

Both the reduction in 95-octane gasoline sales and the low rate of sales of diesel do not correspond to the increase of vehicles in the streets. Specifically, there was an increase of 6% per year in diesel-powered vehicles but only a 3% increase in sales of diesel fuel.

The figures also show that fuel sales from Nicosia stations have dropped considerably, something that may point to the fact that residents of the capital use stations from the Turkish-occupied north.

Larnaca stations have also seen a decrease in sales, however Limassol and Paphos stations were not affected. According to Phileleftheros, this shows that reduction in fuel sales depends on the proximity of each city to the Turkish-occupied north.

Still with a slowing growing rate, overall sales of fuel have gone up, compared to 2017. A total of 401,000 tons of fuel were sold in the first eight months of 2018 compared to 399,000 tons in the first eight months of 2017.

The state collected €28.1 from tax this year, €200,000 more than 2017.

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