Enemalta has announced in a statement this morning that the price of unleaded fuel will go up in prcie by 1 cent effective from tomorrow, Monday the 1st of April 2013.
Gasoil for heating has also gone up in price by 1 cent.
Other fuel prices have remained unchanged.
The revised price list is shown below:
|
Fuel Product
|
Previous Price
|
Revised Price
|
Change
|
|
Unleaded
|
€1.48
|
€1.49
|
€0.01
|
|
Diesel
|
€1.38
|
€1.38
|
No change
|
|
Kerosene
|
€1.38
|
€1.38
|
No change
|
| Gasoil for heating | €1.07 | €1.08 | €0.01 |
Enemalta said that the “above ‘Maximum Retail Price’ reflects the prices fetched by Enemalta for the latest shipments of imported fuel. TFO prices will not be published for the month of April since this product is not currently sold to consumers. The latest unleaded consignment was based on March Platts average price.
“The previous unleaded consignment was based on January Platts price which on average was higher than the prices recorded in March.”
“While on average the international petrol prices fell during the month of March, the euro currency has weakened against the US dollar by about 3% and this largely explains the €0.01 increase brought about in April petrol prices. With respect to diesel, there was no consignment during the month of March and together with the recorded stock level movements, this brought about stability in the diesel price,” the Corporation said.
“The €0.01 increase in the price of Light heating Oil is attributed towards the average Gasoil price adjustment for the month of February in relation to the new consignment which was delivered during the month of February.
“During the month of March, ICE Brent crude prices fell by 5.98% over February prices. This correction was largely pressured by rising fuel stockpiles in top consumer the United States and persisting worries over the euro zone,” Enemalta continued. “Concerns over the debt crisis in Cyprus pushed the euro lower, eroding the attractiveness of commodities priced in the U.S. currency. Positive U.S. economic data lifted the dollar and gave earlier support to North Sea Brent crude.
“According to the latest Oil Prices Bulletin published by the European Commission, as at 25 March 2013, petrol and diesel prices in Malta ranked 13th and 11th respectively out of the other 27 European Countries.”
Enemalta concluded the statement by saying that “the report also shows that consumer petrol and diesel prices in Malta are below the EU weighted averages of EUR 1.604/ltr and EUR 1.465/ltr respectively. The published prices are inclusive of duties and taxes.”