Robust Growth In Total Petroleum Sales
Data from the Cyprus Statistical Service shows that total petroleum product sales in Cyprus reached 118,460 tonnes in January, recording an 11.2% increase compared with the same month a year earlier. The result reflects stronger overall energy demand and continued shifts in sectoral consumption patterns.
Significant Upswings In Key Segments
Marine gasoil recorded the strongest increase, with provisions rising by 175.3%, highlighting intensified maritime activity. Aviation kerosene also posted solid growth of 23.2%, pointing to increased movement in the aviation sector.
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Demand for heating gasoil climbed by 25.2%, while liquefied petroleum gases and asphalt registered gains of 13.4% and 13.2% respectively, supporting the broader upward trend in petroleum sales.
Areas Of Decline And Sector Adjustments
At the same time, some categories moved in the opposite direction. Light fuel oil sales declined sharply by 62.3%, while heavy fuel oil fell by 12.1%, reflecting ongoing adjustments in industrial fuel use.
Road diesel sales decreased slightly by 1.6%, while motor gasoline remained largely stable, recording only a marginal increase of 0.3%. These figures suggest a relatively steady demand in road transport despite broader market shifts.
Filling Station Performance And Monthly Trends
Sales from filling stations rose by 3.5% year on year, reaching 58,500 tonnes, reinforcing the positive annual picture. However, month-on-month data shows that total sales declined by 3.9% between December 2025 and January 2026. Aviation kerosene provisions fell by 10.0%, while motor gasoline and road diesel dropped by 13.1% and 11.9%, respectively. In contrast, marine gasoil continued its upward trajectory, increasing by 15.6% over the same period.
Stock Levels And Market Implications
Total petroleum product stocks at the end of January 2026 declined by 33.0% compared with the previous month. The reduction suggests stronger consumption and may indicate tighter supply conditions if demand remains elevated.
Overall, the data points to a petroleum market undergoing structural adjustments, with strong growth in shipping and aviation balancing declines in other fuel categories while maintaining overall expansion.
