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.
Read more → https://in-cyprus.com/news/local/how-much-will-heating-oil-cost-this-winter/
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