Petrol price hikes announced

In line with the petrol price revision formula announced in this year’s budget, the Economic Services Ministry yesterday incurred changes to the price of petrol, effective immediately.

The formula works on a three-month international price average and brings Malta’s petrol price in line with the international market.

As such, the prices of leaded and unleaded petrol alike have been raised by 1c7 per litre to the respective prices of 39c7 and 36c7. The price of diesel has been raised by 1c5 to 23c per litre, while the price of kerosene has been raised by 0c3 to 12c2 per litre.

The next petrol price revision is due for the beginning of October.