Subscription

The stocks that are acquired, maintained and managed by KODAP are financed by subscriptions from its members (oil importing companies). The level of subscriptions is approved by the Minister of  Energy, Commerce and Industry and is published in the Government Gazette.

The subscription for each category of products is calculated so that it covers the costs of KODAP for each product category.

The current subscriptions are:

Product Subscription
Gasoline/Gasoil/Diesel/Jet A1 1,07 cent/litre
HFO/LFO 0,27 cent/kilogram

Budget

The Budget of KODAP is approved on an annual basis by the Cyprus House of Representatives

Financial Statements