The prices of petrol, kerosene, heating oil and gas will rise from today and the new prices, as well as that of diesel, will be locked till the end of March, Enemalta and Liquigas announced today.

There is no change in the price of diesel. The new petrol, heating oil and kerosene prices are:

The corporation said that as announced in the Budget, the price of unleaded petrol was being increased by 1c whilst the price of diesel remained unchanged. Prices are locked till March.

GAS PRICES

Meanwhile, Liquigas also announced new gas prices applicable till the end of March. The price of the widely used 12kg cylinder has risen to €19.20 from €18.30.

The new prices are as follows:

In a statement, the Energy Ministry said today's announcements mean stability in fuel and gas prices till March.

The stability in fuel prices for the next three months was the result of hedging of fuel procurement. The price of diesel would be the lowest in 18 months while the price of petrol would be the second lowest during the same period.

This was also possible because the increase in import duty charged on fuels did not become applicable as soon as the Budget was announced.

The stability in gas prices was the result of the efforts of Liquigas and the ministry. With international gas prices being uncertain, prices for local consumers would have been considerably higher had these efforts not been done, the ministry said.

This policy contrasted with what used to take place in the past, when prices changed every month. Stability meant peace of mind for families and the possibility of better planning for businesses, the ministry added.