MHRA concerned with rise in fuel prices

The Malta Hotels and Restaurants Association has expressed concerned about the further increase in fuel prices, as announced yesterday.

Of particular worry, it said, was the increase of thin fuel oil which was extensively used by the hotel industry.

“The cumulative increase of thin fuel oil over the past 13 months exceeds 50 per cent, and this is putting a heavy burden on the industry.

“The MHRA calculates that the increase in the cost of thin fuel oil alone, over the past months, has cost the hotel industry around €2,450,000, which averages at €18,550 per hotel, per annum.

This increase does not include the consumption of diesel and petrol, which, if added, will push up the cost of increases on fuel to around €20,000 per hotel over the past year.