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August 2025 Fuel Sales Decline Slightly Year‐Over‐Year Amid Shifting Demand Dynamics

Recent data from the Statistics Agency reveals that overall fuel sales in August 2025 reached 123,378 tonnes, marking a modest 1.0% decline compared to August 2024. Month‐on‐month figures further highlight a 14.8% drop from July 2025, signaling notable shifts in demand across various fuel categories.

Sector Breakdown and Performance

Detailed analysis indicates significant contractions in several segments. Sales of heavy and light marine fuels experienced steep declines (-100.0% and -70.6% respectively), while asphalt, liquefied petroleum gas, diesel fuel, heating oil, and gasoline registered decreases ranging from -11.5% to -0.1%. In contrast, supplies for specialized applications saw growth, with marine fuel for ships increasing by 41.4% and aviation fuel by 12.8%.

Retail and Monthly Trends

Fuel sales from retail stations fell by approximately 1.1%, amounting to 54,605 tonnes during the month. A closer examination of the month‐to‐month performance reveals that marine fuel supplies dropped by 35.2%, diesel sales declined by 20.2%, and gasoline fell by 8.7%, even as aviation fuel supplies saw a slight rise of 1.5%. Additionally, overall petroleum stock levels decreased by 9.6% at the end of August compared to the previous month.

Year‐to‐Date Growth Amid Annual Shifts

Despite the August downturn, cumulative figures for January through August 2025 show a 3.8% increase in total fuel sales relative to the same period last year. This juxtaposition of short‐term declines against year‐to‐date growth underscores the complex market dynamics at play, driven by shifting consumption patterns and sector-specific variances.

Cyprus Fuel Prices Expected To Rise As Oil Prices Increase

International Oil Market Dynamics

Fuel prices in Cyprus are expected to rise gradually in the coming weeks as international crude oil prices continue to increase. Recent reports show that heavy crude prices moved from about $93 per barrel to a peak of $117 before settling near $107, reflecting continued volatility in global energy markets.

Projected Retail Impact And Stage-Wise Price Adjustments

Sabbas Prokopiou, president of the Pan-Cypriot Fuel Stations Owners Association, said these international price movements are expected to gradually affect retail fuel prices in Cyprus. A recent increase of around two cents per litre has already been recorded. Additional price adjustments may follow in the coming weeks as international fuel costs pass through the supply chain and reach the retail market.

Geopolitical Tensions And Market Reactions

Geopolitical developments have also contributed to recent price movements. Concerns about potential regional conflict initially pushed crude prices higher. In a single trading session, prices reportedly rose by about $10 per barrel. More recently, attacks targeting oil storage facilities have added further pressure to international crude markets.

Strategic Outlook And Industry Insights

Prokopiou said further increases in fuel prices remain possible depending on developments in international oil markets. However, he noted that estimating the scale of retail price adjustments remains difficult during periods of geopolitical uncertainty. Similar market patterns were observed in 2022 following the start of the Russia-Ukraine war, when international crude prices rose sharply.

Market participants, including fuel importers and the Consumer Protection Service of the Ministry of Energy, Commerce and Industry, continue to monitor developments in international energy markets.

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