Petroleum Sales Surge Amid Inventory Decline In January 2026

Strong Annual Growth Fueled By Shipping And Aviation Demand

Total petroleum product sales climbed 11.2% year-over-year in January 2026 to 118,460 tons, according to data from the Statistical Service of Cyprus. Growth was driven mainly by a 175.3% increase in oil deliveries for shipping and a 23.2% rise in aviation fuel supplies.

Diverse Product Performance

Heating oil sales rose 25.2%, while liquefied petroleum gas increased 13.4% and asphalt sales grew 13.2%. At the same time, light fuel oil declined 62.3% and heavy fuel oil fell 12.1%. Kerosene sales decreased 1.6%, while gasoline remained broadly stable with a marginal increase of 0.3%.

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Retail Channel Uptick

Sales through service stations reached 58,500 tons, up 3.5% year-over-year. The data show steady retail demand despite mixed performance across fuel categories.

Month-On-Month Dynamics

Compared with December 2025, total petroleum sales fell 3.9% in January 2026. Aviation fuel supplies declined 10.0%, gasoline sales dropped 13.1%, and kerosene fell 11.9%. Marine fuel deliveries moved in the opposite direction, rising 15.6% month-on-month.

Market Implications

Annual data show stronger demand from shipping and aviation, while monthly figures indicate short-term fluctuations across several fuel categories. The divergence suggests shifting demand patterns that may reflect seasonal factors and operational adjustments in key sectors.

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Cyprus’ Poverty And Social Exclusion Risk Stands At 17.1%

by THEFUTURE.TEAM

October 20, 2026

Cyprus recorded a poverty or social exclusion risk rate of 17.1% in 2025, below the European Union average of 20.9%, according to new Eurostat figures. Across the bloc, however, more than 92 million people continued to face the risk, highlighting persistent social and economic inequalities.

More Than 92 Million People At Risk Across The EU

A total of 92.7 million people across the EU were at risk of poverty or social exclusion in 2025, equivalent to just over one in five residents.

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Cyprus is treated as a single statistical region because of its size, unlike many member states divided into multiple regions for comparison. Its national figure therefore provides an overall picture but does not capture differences between districts or communities.

Regional Gaps Remain Stark Across Europe

The risk varied considerably across the EU, with the highest rates concentrated largely in southern, eastern and outermost regions. In 24 of the 243 regions with available data, at least 31.5% of the population faced poverty or social exclusion.

These regions were located in Spain, Bulgaria, Greece, Italy, France and Romania, as well as Brussels in Belgium and Bremen in north-western Germany.

French Guiana recorded the highest rate, at 54.8%, followed by Calabria in southern Italy at 45.3% and Sicily at 44%. Melilla, a Spanish autonomous city, recorded 43.7%, while Réunion, another French outermost region, stood at 42.3%.

Central Europe Records The Lowest Rates

At the other end of the scale, 24 regions reported poverty or social exclusion risk rates below 13% in 2025. These included five eastern EU capital regions: Bratislava in Slovakia, Warsaw in Poland, Prague in the Czech Republic, Budapest in Hungary and Zagreb in Croatia.

Other regions with low rates were concentrated in northern Italy, the Czech Republic, northern Belgium, Hungary, Poland and Austria, illustrating the uneven distribution of economic security across Europe.

Cyprus Remains Below The EU Average

Cyprus’ rate of 17.1% places it below the EU average, although it remains higher than the levels recorded in the bloc’s lowest-risk regions.

The figures suggest that Cyprus performs relatively well compared with the wider EU, but poverty and social exclusion remain significant challenges across the bloc, affecting more than 92 million people.

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