HOW MUCH WILL HEATING OIL COST THIS WINTER?

From in-cyprus 1 November 2018

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.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.

Link to table https://in-cyprus.com/news/local/how-much-will-heating-oil-cost-this-winter/