The price of gas cylinders will be locked at €16 for one year, Energy Minister Joe Mizzi said on Monday.
12kg gas cylinders currently cost €15.50, having gone up in price by €1 last August.
He said that following discussions between the ministry, Liquigas, and the regulator for the energy sector, price stability had been reached.
"We wanted to have a stable price for families to ensure no surprises or upsets," he said.
Mr Mizzi said that currently a price of a 10kg cylinder of LPG was around €30 in Italy, twice the price agreed price for Malta.
READ: Gas prices had risen sharply last August
Asked by Times of Malta how Liquigas had settled on the €16 rate and whether the company had entered into a hedging agreement, Mr Mizzi said only that the company had assured the regulator it would deliver.