Fuel prices rise from tomorrow
All fuel prices will rise as from tomorrow in terms of new prices proposed by Enemalta to the Resources Authority. The prices are: Product Present price New price Change Unleaded petrol €1.090 (46c8) €1.197 ...
All fuel prices will rise as from tomorrow in terms of new prices proposed by Enemalta to the Resources Authority. The prices are:
|
Product |
Present price
|
New price |
Change |
|
Unleaded petrol |
€1.090 (46c8) |
€1.197 (51c4) |
€0.107 (4c6) |
|
Lead replacement petrol |
€1.160 (49c8) |
€1.267 (54c4) |
€0.107 (4c6) |
|
Diesel |
€1.103 (47c3) |
€1.206 (51c8) |
€0.103 (4c5) |
|
Kerosene |
€1.177 (50c5) |
€1.296 (55c6) |
€0.119 (5c1) |
|
Light Heating Oil |
€0.824 (35c4) |
€0.933 (40c1) |
€0.109 (4c8) |
|
TFO 200 |
€487.00 (Lm209.07) |
€498.00 (Lm213.79) |
€11.00 (Lm4.72) |
|
TFO 450 |
€477.00 (Lm204.78) |
€490.00 (Lm210.36) |
€13.00 (Lm5.58) |
|
TFO 900 |
€463.00 (Lm198.77) |
€480.00 (Lm206.06) |
€17.00 (Lm7.30) |
Enemalta has bound itself not to change the prices of LRP, diesel and unleaded petrol up to the end of the year. This has been made possible thanks to forward buying.
Enemalta pointed out that fuel prices in Malta are 14 percent less than the international market price thanks to forward buying. It published the following explanatory table:
|
Product
|
New price in Malta |
International price |
Difference |
|
Unleaded petrol
|
€1.197 |
€1.264 |
€0.067 |
|
LRP
|
€1.267 |
€1.334 |
€0.067 |
|
Diesel
|
€1.206 |
€1.324 |
€0.118 |
Between April and June Enemalta saved US$12.5 million on diesel alone thanks to forward buying, which saving is being passed on to consumers.
A further saving of US$14 million on diesel and petrol is expected to be made by the end of the year.
Enemalta also pointed out that the new petrol and diesel prices in Malta were still among the lowest in Europe.