No element of crude in Enemalta purchases

There is no element of crude in Enemalta purchases of fuel and gas oil, the ­Finance Minister told Parliament in reply to a question by opposition MP Leo Brincat. Enemalta buys fuel and gas oil direct. Crude prices are used only for hedging because...

There is no element of crude in Enemalta purchases of fuel and gas oil, the ­Finance Minister told Parliament in reply to a question by opposition MP Leo Brincat.

Enemalta buys fuel and gas oil direct. Crude prices are used only for hedging because they are the most liquid on the market, making it easier for the corporation to keep track of prices.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.