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.