The price of unleaded petrol has gone up 6c, that of diesel and kerosene 3c, Enemalta said.

Product

Previous Maximum Retail Price

Revised Maximum Retail Price

Change

Unleaded

€1.45

€1.51

€0.06

Diesel

€1.36

€1.39

€0.03

Kerosene

€1.36

€1.39

€0.03

Gasoil for heating

€1.03

€1.03

No Change

The corporation said the latest geopolitical tensions, including the west’s standoff with Iranover its nuclear programme and fears of supply of disruptions elsewhere meant a rather steep and fast increase in the price of oil in the first quarter of the year.

Brent prices in the first quarter averaged at $118 a barrel compared to $105 a barrel recorded during the same quarter of last year, the corporation said.

 

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