Liquigas hhas announced an increase in gas prices - hours after Enemalta announced an increase in petrol, diesel and kerosene prices.

The price of the 12kg cylinder, which is the most widely used, is going up by €1.50 to €18.

Liquigas Malta said that as from tomorrow (Wednesday) its prices will be the following:

Product

Previous Price

Revised Price

 

Change


Consumers Price including VAT

Consumers Price including VAT as from 01/02/2012

LPG Mix

Propane Gas

LPG    Mix

Propane Gas

LPG     Mix

Propane Gas

Loose Kg

€1.65

€1.50

€1.75

€1.85

+€0.10

+€0.35

Cylinder Kg 10

€13.80

€13.90

€15.20

€15.30

+€1.40

+€1.40

Cylinder Kg 12

€16.50


€18.00


+€1.50


Cylinder Kg 15

€20.70

€20.20

€22.00

€22.10

+€1.30

+€1.90

Cylinder Kg 25

€30.00

€32.70

€30.50

€34.20

+€0.50

+€1.50

"The international market continued to suffer from high price levels and erratic movements in the latter part of 2011 mainly as a result of political and financial instabilities in the Middle East, Mediterranean region and Europe," the company said.

"The price for LPG mix increased substantially by 25% from October 2011 to date, to US$1,123 per ton as can be seen from the Platts table hereunder. Furthermore, the weakening of the Euro with the Dollar, also had a negative effect on the purchase price. The new prices also reflect an increase in the local distribution costs of the cylinders."

It said that through its diligent purchasing policy, it had managed to maintain a stable price throughout 2011.

Distributors of Liquigas cylinders are not authorised to charge additional prices over and above the above prices. 

The Malta Resources Authority in a separate statement said the price of the 12kg cylinder is still €1.21 cheaper that the maximum price calculated under the LPG and Propane Price Mechanism published in June 2010. It also said gas cylinders in Malta are cheaper than in Italy. The MRA made no reference to Easygas prices.

 


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