Costlier diesel

The price of diesel has been raised by 1c3 per litre, from 24c9 to 26c2 (including VAT) as from yesterday, Enemalta Corporation said.

The new price reflects the fluctuations on the international market between January and June, the corporation said.

It added that the price of lead replacement petrol (LRP), unleaded petrol and kerosene was remaining the same at 38c7, 35c7 and 12c8 respectively, because there was no need for an adjustment.

The price of diesel was last raised in January this year.

Last year, the government began to apply a formula through which the prices of oil products were made to reflect the fluctuations in prices on the international market.

The formula was first put into practice in April 2002 and since then it has been applied every three months.

Last January the government announced a slight reduction in petrol prices, while prices rose for diesel and kerosene.

The price of lead replacement petrol and unleaded petrol went down to 38c7 and 35c7 per litre respectively, a drop of nine mils per litre. The price of diesel had gone up by 1c1 to 24c9 per litre and that of kerosene by one mil to 12c8.