Liquigas Malta has announced a reduction in LPG prices effective as from tomorrow.

Liquigas explained that this LPG price adjustment was the result of favourable fluctuations in the euro/dollar exchange rate and a slight price decrease of the raw material. This translates into an average reduction of 6% to the final customer.

This is the second revision taking place during the last two months following July's price adjustment, the company said.

Liquigas is required by the Malta Resources Authority (MRA) to publish the price of LPG/propane a day before the end of each month. Prices will be applicable on the first day of each month.

"LPG prices will continue to be reviewed on a monthly basis according to MRA's methodology and, therefore, the selling price may vary on a monthly basis to reflect product cost variations on the international markets," the company said.

Price variations will apply only if and when the variation in the product cost is +/- 2% when compared to the previous month's price.

The final prices as approved by MRA will be the maximum price of LPG/propane on the Maltese market. Distributors are not authorised to charge additional prices over and above the above prices.