
Tuesday, 30th June 2009 - 19:15CET
Fuel prices rise
Higher fuel prices at the pump were announced by Enemalta this evening and come into force tomorrow (Wednesday).
The biggest changes are in the prices of unleaded and leaded petrol which have increased by 15c. The diesel prices rises by 1c while the price of kerosene drops by 13c.
|
Product |
Previous Price (since 31/March/2009) |
Revised Price 1st July 2009 |
Change |
|
Unleaded |
€0.990 |
€1.140 |
€0.150 |
|
LRP |
€1.060 |
€1.210 |
€0.150 |
|
Diesel |
€0.950 |
€0.960 |
€0.010 |
|
Kerosene |
€1.00 |
€0.870 |
(€0.130) |
|
Gasoil for heating |
€0.610 |
No change |
No change |
|
TFO 200 |
€352.00 |
€429.00 |
€77.00 |
|
TFO 450 |
€339.00 |
€419.00 |
€80.00 |
|
TFO 900 |
€319.00 |
€403.00 |
€84.00 |
Enemalta said that during this month it received petrol and diesel consignments which obviously contributed towards this price revision, however, it pointed out, it had managed to keep prices stable for the past three months thanks to its policy to purchase in bulk.
"This policy especially in relation to the price of diesel has contributed for a stable price over the last three months and a lower increase this time round."







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Comments
Your comment “Sorry, I don’t own a hat” implied your unfamiliarity with the expression and therefore elicited my comment. No matter.
Nowhere in my comments did I state that you spoke (wrote) rubbish. You made an unfair comparison between fuel prices in Malta and those in Canada and I simply pointed out the unfair comparison. How interesting to note that you state that by “shooting down” your comment I am justifying the high cost of fuel. Had you carefully read my last comment (1st sentence, 2nd paragraph), you would have noticed that I specifically stated that I was not justifying the high costs of fuel in Malta, but simply providing some reasons for it.
It is interesting how certain people who cannot sustain their position in a debate suddenly wrap themselves in the flag of patriotism. You are not the only person who is proud of his heritage. While I too am very proud of my Maltese heritage, I do not resort to protestations of patriotism to uphold my position in a debate, and I decline to enter into a discussion comparing my level of patriotism compared to others. You have nice day also.
Will Enemalta which is is prompt at citing increases in the price of crude oil to justify its usual immediate adjusting the price of oil upwards, now just as promptly reduce our cost of fuel?
Some petroleum companies have already reduced their prices and it is good news for the consumer who has seen fuel drop from almost €1.10 to €0.74 over the last few months.
Many consumers are now hoping that their next electricity bill will also be reduced in line with the cheaper fuel prices.
ERMMMMMM the Maltese hoping the same
I am familiar with the expression and it is an insult.
I made a comment about how the hard working Maltese people are getting ripped off and you say I speak rubbish. By shooting down my comment you justify the high prices Maltese have to pay.
I am a proud of my Maltese heritage and I will always defend the people. You should do the same.
Have a nice day my friend.
The price of oil has nothing to do with the price of commodities like petrol and diesel. Whilst i agree fuly with you that we have a high expense to keep our cars on the road with an insubstantial salary i encourage you to have a read here and you can compare our current prices. Unfortunately we are at the mercy of suppliers. Oil price per barrel is only indirectly related.
HTH.
http://www.theaa.com/onlinenews/allaboutcars/fuel/2009/june2009.pdf
Li tghid li familja b 5 karozzi tkun broke huwa argument bla sens.
Jin ma nhallasx il fuel/spejjez ohra ta missiri u huti u daqs tant ihor huma! come on!
illum il karozza bzonn mhux kapricc!
why all these complaints - higher fuel means less cars - which means more parking space.
I take the longest trip with the bus everyday (the famous 45 bus), and live with it, even though the service is not great and I have to walk over 10 minutes to arrive to work, but the price is (Eur 0.58) for a 25 km ride. This translates to just over Eur 0.02 per km. My car uses around Eur0.09 per km (with the old tariff), so the difference is there, for those who see it.
(Obvioulsy I am not referring to those who have to take 2 busses or the bus service is far from their destination)
Now I finally hope that this is not all grumble for a few days and then we are drawn into some other controversy for discussion and made to forget all about fuel prices. This is now a known tactic. POPLU GHAJNEJK U IBQA ZOMM DAN F'MOHHOK GHAL META TIGI BIEX TIVVOTA F'ELEZZJONI GENERALI.
And to all those others who are somehow trying to justify the govenrment's actions, I am sure that the day will come when they will fianlly say "MEA CULPA"
Cars' diesel engine - powered heaters can all legally run on this fuel i assume, for heating purposes of course. Mobility is just an added side benefit :).
Gonzi to push deficit under 3% by Dec 2010.
Maltese consumers got almost no benefit from the price slump of last year thanks to Enemalta.
Taking price end June as 100%
99c to 114c per litre = 115%
BUT compared to current market prices
USD50 to USD70 per barrel of oil = 140%
Market prices will go up again as the BRIC economies pick up.
That 25% gap gives the Govt & Enemalta more
grist for their own worn out mills.
Issa kull min ivvota lil Gonzi oqoghdu hudu gost ghidu grazzi lill-PN.
The biggest fiasco was the fact that that fiasco was because of internal issues. (x leaders!!!!)
You and your comrades at Enemalta are very prompt in INcreasing fuel costs and tarrifs at the least EXCUSE of the moment. BUT you did not DEcrease such costs and tariffs when fuel costs went down under the U.S.D.85.00 per barrel as PROMISSED....!!!
Thus you should NOT HAVE Increased such costs, unless (1) such fuel costs go OVER the U.S.D. 140.00 per barrel, because that is what we have been SAVAGELY paying ALL ALONG, on our Utilities and fuel costs for our cars, etc... and (2) because fuel costs are still under your promissed U.S.D.85.00 per barrel...!!!
ISTHU JEKK TAFU KIF... Ilkom il-fuq minn 21 sena fil gvern u gibtuna gharkuptejna nhallsu d-djun ta l-Inefficjenzi Galore u t-Tberbieq Bla Razan ikkagunati mit-Tmexxijja u Decizjonijiet ZBALJATI u BAZWIJJA taghkom....!!!
_K_I_S_S_I_R_T_U_N_A_ _B_I_C_C_I_E_T_
Who dropped the Libya hedging agreement Labour did? After that mistake, who did the oil Hedging with very high prices and lost thousands of euros, or you don't remember ? If the government was wise enough he would have done another agreement with a very lower price, but Gonzi and Gatt don't care about the middle class in this country. I will never vote P.N. again, till they are in power.
why did you buy patrol from him if you new its more expensive.. its your fault..
Roderick Mallia
THIS COUNTRY IS A JOKE! with people like you ..
E. Azzopardi this century!
Diesel Should not even be used for non commercial cars the government should stop importing such cars .. diesel should be used for commercial use only.. IF you want to save on gas buy a hybrid ..
Galea. L get a life .
Get your act together ALL OF YOU ..
if you want to complain you should complain at the transport system in Malta. Malta should find ways how to improve the public transport, stop from people buying cars .. mhux kullhad ghandu karrozza, familja ta hamsa .. hames Karozzi .. imbghad kullhad igerger kemm hu broke.. BLA sense...
Turnover 2 196,032 197,979
Cost of sales 3 (171,603) (168,865)
Gross profit 24,429 29,114
Transmission and distribution costs 3 (14,616) (13,639)
Administrative expenses 3 (9,344) (11,918)
Other operating income 4,626 4,204
Clearly, you are unfamiliar with the figure of speech “talking out of your hat.”
Please note that I did not try to justify the high cost of fuel in Malta – I only tried to give some reasons for it. First, since it imports all its fuel, Malta is at the mercy of the oil cartels. Second, because of its small size, Malta is in no position to drive a harder bargain for fuel supplies based on volume – higher volumes = lower prices. Third, the cost of delivering fuels to Malta drives up the cost. Fourth, since 1977, when the Maltese government of the day created EneMalta as a monopoly of energy resources, there has been a noticeable lack of competition in the supply of fuels. The consumer is at the mercy of the monopolistic supplier. What Malta needs is a return to the days when there were multiple suppliers of fuels. This provided for some level of open market forces to regulate prices based on competition.
The only problem is that there are cars, minibuses etc that emit a lot of fumes but it's not because they are diesel!!! it;s because the engine has worked a lot( it could have been petrol)
Will they be sending this money back now ? ;-0
Sorry, I do not own a hat. Canada does produce oil and gas but it is more expensive to extract and produce it than in other conventional ways. Not to mention the destruction it is causing the environment.
This still does not justify countries like Malta having to pay over double the cost for petrol.
With all do respect, you are paying more for petrol to cover the costs of the Maltese Government mismanagement of money, much like we do in Canada with out high taxes.
Malta's fuel prices are more cheaper than Italy.
link below:
www.prezzibenzina.it -
Do you know how the system works?Countries are not allowed to buy an infinite quantity of fuel but they are given a quota over a period of time. Say you can buy so and so for so many moths.
THIS COUNTRY IS A JOKE!
You are right!!Did you know that you still find people justifying these things?Obviously if it was done by the PL the other side complains!! Nothing we can do much!!When Alfred Sant increased the prices because of the Enemalta incompetence the PN jumped on him and the answer was ''Because the oil price was less than 25USD a barrell!!''
But whatever the PN does thats immaculate!!Xtahseb Onorevoli Gatt!!
Intom li tghidu li tridu tkunu vicin il poplu hux!!Bil paroli imma!!
1. Cars are still too expensive to buy and new technology is always more expensive especially in Malta since people are treated as ignorant.
2. Enemalta won't give GPL as car fuel since it will go into competition with itself. Same for other fuel types.
Electric cars for Malta are the most ideal since we are a small country but we have a lot of motorheads here. Not everyone can afford an electric or hybrid car so I think that an incentive to scrap your current car to get a 'reasonable' reduced price on a new electric/GPL/hybrid car would be perfect.
Oil is depleting and we cannot keep taking it as the 'last few drops of black gold' will be extremely expensive!
http://www.hidden-italy.com/car/drive06.html
Those prices are definitely much higher than we are paying now so a third decrease of tariffs in Italy wouldn't really be anything extraordinary.
This article is also quite good:
http://www.guardian.co.uk/technology/blog/2008/may/22/youthinkfuelpricesarebad
Good thing we're not in 1917! (I believe the prices are in pence - keep in mind that 100 pence = approx. 117 euro cents by today's conversion rate.)
Also it seems from here:
http://money.ninemsn.com.au/article.aspx?id=828546
That the price of petrol in Australia is rising too and that the price of oil is also rising.
On another note, I took petrol yesterday night at about 11pm and it was still at the correct price.
Regards,
Max Bartolo
www.maltacarmarket.com
You're talking (writing) out of your hat. What you conspicuously failed to mention is that Canada is a major oil and gas producer. Therefore, it is logical that the price of oil and gas in Canada would be cheaper than in Malta where every drop of fuel is imported. You also failed to mention that oil companies are also ripping off Canadians at the pumps. It is ironic that petrol made from Canadian oil is cheaper in the U.S. than in Canada.
There was a time in Malta when there was competition in the provision of fuels. We had our choice in buying petrol from several providers like BP, Esso, Shell, etc., while the Malta Electricity Board provided electricity and Water Works provided water services. In 1977, the Maltese government (remember which party formed the government then?) created EneMalta and gave it its monopoly over all energy sources. It just occurred to me that the first five letters in EneMalta spell enema administered to the Maltese people by the government in 1977.
Those who are intent on attributing blame should remember which party inflicted EneMalta’s fuel monopoly on Maltese people.
Really, some of the top people need to be given the axe and changed with ones who are living in this century!!!
I totally agree with you regarding the 1996-98 fiasco. The biggest problem is that Dr Gonzi's fiasco is by far much worse and it seems it's getting more fiaschissimo each day.
For those who can't read italian, this is the THIRD decrease in electricity and gas tarrifs this year.
An interesting exercise would be for someone (perhaps a journalist?) to calculate the mean cost of crude oil over the last 12 months (with reference to time), and compare the price paid by the consumer for petrol (and derivatives) as well as electricity tariffs over the same period. To play the government's excuses, the graphs can even be staggered by 3 months. Anyone?
my dear friend ... no matter what happens, you always call for Gonzi to resign? Why should he repeat the 1996-8 fiasco?
And in sunny Malta we do everything diametrically the opposite!
Are the petrol station owners going to grumble now that they have a large stock like they did when the price went down?
May I ask too if this "Fuel Prices Rise" was introduced to cover the expenses involved during the last power cut all over Malta and Gozo?
May I ask who is really running the country because it is evident that GONZIPN lost all its control? "Idejn sodi' cannot be weaker!
Is this what our dear country and us all deserve?
We have been experiencing a 'despotic democracy' too long!!!!!!!!!!! What a shame!!!!!
Precisely!
Thank you Gonzi for giving us your birthday present.
We shall all remember it at election time.
:@
@Michael Tabone. Nobody's stupid mate. As far as I know, hedging ceases to exist in volatile times (such as this one).
Having said all that, I still believe that our fuel prices are very high, especially considering the very poor quality (and I am not making reference to the leaking diesel pumps). Our fuel was always of a very very poor quality. It was ok when our prices were way below average but there should be no excuse now.
Something, somewhere is wrong and does not make any sense. Someone is either taking wrong decisions or else has no idea on how to run Enemalta.
At this point I, like many others I guess, have lost faith in the people managing this Corporation.
The Government has promised to be more sensitive to the people and listen to their pleas. This is the first occasion that the Government has, following 2 heavy electoral defeats, to give a reasoned explanation of why in Malta fuel prices went up when elsewhere they are going down.
These kind of public announcements by Enemalta do not suffice any more.
Alas I feel that with this move, they are showing us that they couldn't care less about our needs.
Surely, with this very un-social measure he is not making us regret the 6/6 vote. I dare PN to carry on with this abysmal track record. A change is needed ASAP. One month ago it costed him a seat in the EP. Next time round it could prove far costlier!
How is it that they hedge oil and as the price of oil was at its lowest, they didn`t stock!!!!!
What about now that the price of oil has gone down again???
These things only happen in Malta, or rather in GonziPN`s republic!!!!
With that said, when is the market going to be liberalised? I believe we are late by at least a year? Where is the Commission in all this?
@Joe E. Briffa,
Please correct me if I am wrong but weren't you one of the bloggers who had forecasted that the price of oil would shoot up from $35 to $140 in a month or 2? Well it didn't and yet we are paying prices as if they were still $140 a barrel. So much for forward planning and Finanzi fis-sod from the Gov. And yes people do watch international TV. They saw the news in ITALY.
@Philip Paris
Nice to see your comments - they do make sense. Where are the others Canadians who usually comment here?
BKOA (Bus Kerosene Owners Association)
It seems the world has 2 different oil prices !! Barely a year from the previous election and already the situation looks gloomy to say the least. Coupled with what Tonio Fenech said last week about the next budget and you can forecast even more burdens for a brighter future.
Smart way to make up for money spent on energy saving bulbs.
Families are still suffering because of the reduced working hours and now again this! Dear Government we are not your puppets!
Fool me once shame on you .. Fool me twice shame on me!! The people are fed up of 3.5 years of Hell and the last 1.5 yrs of the electoral legislation back to the purgatory. This is an EXPIRED TRICK!!
BUT BUT BUT for sure we get the left overs since the quality of Petrol / Diesel that our cars take is very very very very low - so we are not getting back the value for money we are paying for.
A case in point is what happened recently with the Diesel - who is going to pay for the damages anyway - the customer as usual. Also I often drive abroad so I know how many Kilometers I drive for what I pay for - since I always take note. Motorways is not an excuse as many people say since I also drive a lot in cities and in more heavy traffic than Malta. So of course is the quality of petrol that we customers get makes the difference between the Kilometers I drive abroad with that I drive in Malta. Well done Enemalta and who ever is responsible.
WHY DID NOT ENEMALTA HEDGE LAST DECEMBER JANUARY WHEN OIL WAS RELATIVELY LOW AT US$ 35 PER BARREL?
WELL DONE ENEMALTA FOR ALL THIS INCOMPETENCE.
But the people have the govt. they deserve. It is useless to bring in Joe Muscat in the picture. When he is in the helm, we will see what he does, today we can only speak about who opens his mouth and talks aloud and does nothing to help us, poor citizens who live on a pension.
L-aqwa li qerdu l-basktijiet tal-plastik u kullhadd bix-xirja mghaffga u jiddobba l-kaxxi!!!
If ever required, this is another example of Enemalta's extravagances being force-fed to the consumer.
Maybe, the goverment is smart enough to know about our weaknesses, that is, we grumble but do NOTHING!
Is this not a national issue? Are not these prices exagerated for both PL and PN supporters? Are there people foolish enough to justify these injustices because "their" party is in power? What is wrong with us? We are being sucked alive and we do nothing? Are we afraid to protest because the goverment labels us people as Hamalli? Where are the Jesuit Refugee Services? Are these not injustices against the Maltese people--do they care about us? Where is the Church and the moral teachings? Do the Church authorities remember us only for the Sunday mass collections? Oh Lord! Seddaq lil min jahkimna. Haa!
MRA please explain !
Some people think all the Maltese citizens are ignorant enough to take in all what's being said
Regards to all
As for this government- no signs of caring for the people are repeated practically daily, but when citizens, at any cost, simply find excuses for such irresponsible actions, it leaves me to wonder.
So Dr Gonzi go on and keep on with this attitude squeezing more and more out of citizens, for the people are so blind that can not call a kettle black.
This matter has to be taken up by responsible authorities as no doubt Government was consulted on such an issue and a decision was determined to increase shortly after the EU Election Results - the way is already being paved for a tough budget to make good for the graceful period antecedent to some other General Election: this is not a Government by the People and for the People but the People slaving it out for the Government to embark on PROJECTS that the country cannot afford and are unacceptable to the Electorate.
WE SHALL REMEMBER YOUR INCOMPETENT DICTATORSHIP.
IF YOU HAVE THE SLIGHTEST MODICUM OF DECENCY YOU WOULD RESIGN FORTHWITH.
John Schembri
It would have been but now we have conscienceless Gonzi in Government.
Anthony Cutajar
It has been proven time and time again that it is GONZI that has ta grudge against Maltese society.
E.Muscat
Don't bet that Gonzi will remain for the nexty four years.
E Gatt
What about the wages in other european countries?
15 cents in one go!!!
election over - prices go up dramatically!! irrespective of whether international prices go up or down, fuel prices in Malta are always on the increase.
WOW!! - how do people continue to vote for them?!!! was 35,000 votes not enough?!!
http://www.corriere.it/economia/09_giugno_30/bollette_nuova_diminuzione_6939f06c-658d-11de-853b-00144f02aabc.shtml
Once again dear ENEMALTA I thank you from the bottom of my heart for the pump seals you have ruined on my car............
http://tonto.eia.doe.gov/dnav/pet/pet_pri_spt_s1_d.htm
It will show that the price variations of fuels at the local pumps are related to political strategy rather than the relationship to the international fuel or crude oil prices. If the authorities want to come clean (sic) they should announce the dates of purchase and the prices paid for each consignment, otherwise the usual statements justifying price changes can hold no water nor could they ever be deemed credible by the consumer.
The question is simple
When were the previous consignments bought and at what price AND when have the last consignments been bought and at what price. Than we can all check if elections had anything to do with price changes at the local pumps.
@ E GATT & All
if you go to the Times website - click 'World News'.... then you'll find an artical showning that " Oil falls 2 pct after eight-month high - Today, 19:54 - Reuters" (link:- http://www.timesofmalta.com/articles/headlines/world-news)....
What a coincident - oil drops in the rest of the world and Malta raises it.
PS - @Mr.I. Gatt - ask your mechanic why the pump burnt out... he may tell you it is the Enemalta mix of aviation fuel surplus being mixed with diesel (as some joker over ordered too much jet fuel - which has to be shifted) many cases seen lately on diesel cars.
Unleaded Diesel LRP Super LPG
The Highest price in this area: 106.9p 107.9p n/a 115.9p 55.9p
The Average price in this area: 103.7p 104.6p n/a 109.9p 55.9p
The Lowest price in this area: 100.9p 101.9p n/a 104.9p 55.9p
It is obvious that I am not in favour of increases in any of my daily costs. But who am I ? I cannot to-day or ever if prices go up or down. Everybody knows who the privileged ones regarding these decisions are. Gonzi is taking them now ( and is paying a price ). At the same time any opposition leader has the opportunity to promise lower fuel prices or energy tariffs if elected. But speaking against fuel and tariff rises is one thing, promising to decrease them is another. Better the devil you know !!!!!!!!!!!!!!!!!
I know it is out of topic but as regards to City gate project wouldn't it have been better to spend that money on the restoration of all the palaces and historic buildings which are falling to pieces in first for e.g. fort St Elmo.
I only have one comment for them - "Get a life...."
FUEL AT A MORE ACCEPTABLE OPTION, FOR THOSE CITIZENS THAT HAVE NO OPTIONS ~ sorry for this repetition of "words".
The solution is the prov ision of GPL fuel, which, currently, costs Euro 0.65/Ltr.
Isn't that worth thinking about, DEAR ENEMALTA AUTHORITES & HONORABLE MINITER AUSTIN GATT ?????
http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/commodities/143908/three_month.stm
) and you will realise that the price of crude oil has increased by around 50% during the period (bad news for us and all other oil importing countries). Luckily the dollar has weakened by around 6% against the Euro in the same amount. The price of unleaded fuel should really have gone up by between 30c to 40c and not 15c.
As usual many people are quick to blame ‘GonziPN’ on the increase in the price of oil and give the impression that MuscatPL could use some super power to control the price of oil. After winning the EP elections earlier on this month, Dr J Muscat admitted that he does not have such super powers and cannot guarantee stable prices.
check out
http://www.theaa.com/onlinenews/allaboutcars/fuel/2009/may2009.pdf
for the latest fuel prices in europe
"I cannot understand this inverse trend in fuel prices in Malta. As far as I know oil prices are still low. Can please someone maybe explain as I am confused!"
Be confused with the rest of the world. In Canada we had petrol prices drop to their lowest for many years at the end of last year. Now they have gone up over $0.30 again. The oil prices seem to have nothing to do with it when it suits the petrol companies.
Simple ... you don't care? I don't care. Back to smokey smelly cheap diesel.
Justin.
P.S. Incentives to get new cars? NO WAY i'm removing my "old registration" diesel, the country's too unstable to trust anyone without getting played...
Mhux bizzejjed hallejtuna gurnata minghajr dawl u mhux ha tatu kumpens ghall-hsarat li ghamiltu ghax ghadtu li "ma kienx fil-kontroll taghkom"? X'inhu mela fil-kontroll taghkom, il-pagi li ddahhlu?
Ma tridux tghidu wkoll illi l-gholi tal-prezzijiet tal-Petrol u d-Diesel m'huwiex fil-kontroll taghkom? Mela vera ma tghamlu xejn hemm gew u m'hemm xejn kontroll taghkom ghax inkompetenti u ghall-ebda raguni ohra!
In the words of another Parliamentarian "For God's sake go"
now wait for gas increase
also we already heard Minister Fenech saying that we have to pay for what we consume....does this mean that the eco reductions for water and electricity tariffs have to make way!!!!!!
thanks tal-kuxjenza socjali
Can this Government do anything correct????
A disaster to the economy, that's what you are... rubbish.
I knew that the few cents that had been shaved off a few months ago would be payed back soon enough, and thankyou Enemalta for proving me right.