News | Wednesday, 01 July 2009

Enemalta increases price of fuel

Enemalta announced it was increasing prices for petroleum products due to the increase in the international price of crude oil, as from today.
The price increases are as follows: Unleaded increases by 15c to €1.14 per litre, LRP increases by 15c to €1.21, abnd diesel increases by 10c to €1.21.
Kerosene is down by 13c to 87c, and there was no change in the 61c per litre for heating gasoil.
Enemalta said that according to its present policy, it announces a revision in the prices of its petroleum products as from 1 July 2009 reflecting changes in prices of the last consignments purchased.
Crude oil prices have been recovering from a December low of $32.40 a barrel, back to around $73 a barrel last week.
Crude price has more than doubled in practically just over six months.
The price of petrol increased from $464.25 on the 1 April 2009 to $670.25 on the 25 July.
The price of diesel also increased to a lower degree compared to petrol ($445 on 1 April to $585.5 on the 25tJune) due to global depressed industrial activity.
Enemalta said this international fluctuation in prices led to revise its prices.
Enemalta also said that in June it received petrol and diesel consignments which had contributed towards this price revision.
However, it added, Enemalta managed to keep prices stable for the past three months thanks to its policy to purchase in bulk. “This policy, especially in relation to the price of diesel, has contributed for a stable price over the last three months and a lower increase this time round.”


Other News

Crucial MCESD meeting as Finance Minister prepares for “tough budget”

Enemalta increases price of fuel

NSO reveals 17.6 % drop in tourist arrivals in May

GWU up in arms over Jazz Festival security tender

Gonzi to close in on Mepa ‘loopholes’

Vodafone reduces roaming tariffs in EU

Hong Kong, your gateway to China

The ugly face of the EU

Record high participation in ECB’s first one-year LTRO auction

Tourism – Changes and Opportunities: A True Story

Mobile chargers : EU Commission welcomes industry’s commitment

GreenPak achieves substantial benefits for the environment

IHI bond offer over-subscribed

HSBC’s AIDA 9 guarantees return on investment

BOV Tunisia Hosts Business Delegation

Farsons reports on difficult year

Special 3-Year Term Deposit Account from Banif Bank

FIMBank employees qualify as Certified Documentary Credit Specialists

GWU accuses Enemalta of ‘arrogance’

Mark Lamb: The Emperor’s new clothes






01 July 2009

Malta Today


Collaborating partners:



Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 07, Malta, Europe Tel. ++356 21382741, Fax: ++356 21385075
Managing Editor: Saviour Balzan