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Petroleum Sector in Cyprus Experiences Notable Upswing in October 2025

Steady Increase in Total Sales

Petroleum product sales in Cyprus climbed by 4.7% in October 2025 compared to the same month last year, according to data released by the Cyprus Statistical Service (Cystat). Total volumes reached 141,540 tonnes as strong performance in several product categories underpinned the growth.

Significant Gains in Key Sectors

Marine gasoil led the charge with an impressive 101.9% increase year-on-year, reflecting robust demand in maritime operations. Other segments also enjoyed notable gains: aviation kerosene rose by 5.9%, asphalt sales surged by 44.9%, heavy fuel oil experienced a 26.8% increase, motor gasoline advanced by 4.6%, and liquefied petroleum gas saw a modest rise of 3.6%. In contrast, road diesel recorded a minor gain of 1.7%.

Mixed Trends in the Market

Not all product lines followed the upward trajectory. Sales of light fuel oil declined sharply by 53.5%, while heating gasoil fell by 11.4%. Additionally, filling station activity contributed 61,904 tonnes of product sales, representing a 3% increase. However, a month-to-month comparison with September 2025 revealed an overall decline of 2.2%, with marine gasoil, aviation kerosene, motor gasoline, and road diesel all registering decreases.

Inventory Adjustments and Yearly Growth

At the end of October, petroleum product stocks were down by 17.6% from the previous month, highlighting a tightening in inventory levels. Despite these monthly fluctuations, the cumulative ten-month period from January to October 2025 saw a sustained 4.7% growth compared to the corresponding period in 2024, underscoring a resilient market performance.

Conclusion

The data illustrate a dynamic and evolving energy landscape in Cyprus, with substantial gains recorded in critical sectors such as marine and aviation fuels. Such trends not only bolster immediate economic indicators but also signal longer-term shifts in market demand and resource allocation.

Cyprus Property Valuers Advocate Investment Funds For Affordable Housing Initiative

A Strategic Investment for Social Stability

Cyprus’ property valuers association has put forward a compelling proposal for the creation of 500 new affordable housing units. The association recommends that investment funds, including the social insurance fund and other private initiatives, actively participate in the development process. This strategic move is intended to secure the long-term financial stability required for such a vital infrastructure project.

An Innovative Financial Model

Polys Kourousides, President of the association, emphasized that the financial structure should be designed to avoid additional strain on the state budget. “The model should prioritize sustainability and efficiency, especially since the private sector is tasked with the delivery of these housing units,” Kourousides stated. His remarks highlight the importance of blending public interest with private sector expertise to effectively address pressing social challenges.

Addressing a Growing Social Need

Kourousides further described the initiative as a timely response to one of the most urgent social issues of our time. The association has long championed the use of state-owned land for affordable housing projects, underlining its commitment to socially balanced urban development. In addition, the association remains prepared to assist the government by providing essential technical and scientific perspectives to shape a modern, efficient housing framework.

Looking Ahead

This proposal underscores the growing recognition among industry leaders that innovative financial models and public-private collaboration are essential to address housing shortages. With a clear roadmap and the right investment partners, Cyprus may well set a benchmark in sustainable and inclusive urban development.

eCredo
Uol
Aretilaw firm
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