News Local How much will heating oil cost this winter?

How much will heating oil cost this winter?

Heating oil is more expensive now compared to January 2018 prices, the Cyprus Consumer Association found.

Specifically, consumers will pay a total of €153 more to fill a tank 1000 litres today, compared to January 2018. The average price in January 2018 was €0.825 cents and on October 31, 2018 it was €0.978 cents.

Heating oil sales from fuel stations
2016 2017 % (16-17) 2018 % (17-18)
Month Tons Tons   Tons
1st 11278 11651 3.31 8569 26.46
2nd 7389 9298 25.84 6410 -31.06
3rd 4507 5422 20.75 3626 -33.37
4th 2468 2849 15.44 2300 -19.27
5th 2239 2448 9.33 2131 -12.95
6th 2121 2207 4.05 1910 -13.46
7th 1999 2046 2.35 1884 -7.92
8th 1991 2082 4.57 1868 -10.28
9th 2374 2492 4.97 1987 -20.26
Total 36366 10515 11.41 30685 -24.26

The Cyprus Consumer Association also said that:

  • From October 2018 to March 2019, which is the period with the most heating oil consumption, consumers will pay a total of €7,685,678 more if prices remain at current levels.
  • The total amount of oil purchased from the Turkish-occupied north for the period January – September 2018 is calculated at 11,722,874 litres for 95 gasoline and for diesel at 12,022,567 litres.
  • Fuel station owners for the same period are estimated to have lost revenue of €1,310,399.
  • The State is estimated to have lost revenue (taxes and VAT) of €17,444,499.

 

Top Stories

36 new coronavirus cases detected out of 3,317 tests

The Ministry of Health has announced that 36 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

Emergency meeting regarding mass coronavirus cases detected in football teams to be held at Ministry of Health on Thursday

The Cypriot football scene is officially on alert. Positive coronavirus cases seem to be sprouting left, right, centre and generally multiplying before one can...

Ethnikos Achnas FC: number of now confirmed COVID-19 cases skyrockets to 17

Fears of a sharp increase in positive coronavirus cases in Ethnikos Achnas have been confirmed. As confirmed by an announcement by the team, a total...

Ethnikos Achnas FC: covid cases reportedly now in the double digits – match with Aris Lemesou postponed

Information about several positive cases of coronavirus detected in Ethnikos Achnas FC has been confirmed. The latest information indicates that the second diagnostic test the...

Additional covid measures in Larnaca in effect as of Thursday

The Government has announced new local measures concerning the coronavirus pandemic due to the outbreak observed in Larnaca the past few days. The Minister of...

Taste

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...

Meatballs with tomato and cumin

Place all meatball ingredients in a bowl and knead well with hands. Keep the mixture in the fridge for approximately 1 hour to thicken. In...