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

WHO pauses trial of hydroxychloroquine in COVID-19 patients due to safety concerns

The World Health Organization has suspended testing the malaria drug hydroxychloroquine in COVID-19 patients due to safety concerns, WHO Director General Tedros Adhanom Ghebreyesus...

UK to reopen thousands of shops in easing of coronavirus lockdown

Britain will reopen thousands of high street shops, department stores and shopping centres next month, Prime Minister Boris Johnson said on Monday, setting out...

Repeat positive cases ‘released’ three weeks from first diagnosis

The Health Ministry issued instructions on Friday on the release / ending of isolation for patients who tested positive to Covid-19 but are not...

Two new Covid cases in education and repatriations

Two new coronavirus cases were reported today by the health ministry, a drop from yesterday's eight, out of a total of 2128 tests, raising...

Minister: Back to school for 769 pupils with disabilities

  More than 760 children with disabilities who were told they could not go back to school when primary and lower secondary schools reopened last...


Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...

Honey Balls

As you stroll down Onasagorou street in the old city of Nicosia and suddenly feel the need for something sweet, follow the smell of...

Octopus with Oregano

Ingredients: (Serves 4) 1 kg octopus ½ tsp dry oregano Pepper 3 tbsp olive oil 2 tbsp vinegar or lemon juice Preparation: Clean the octopus thoroughly under cold running water. Place the octopus...

Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...