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- Power Surcharge Leaps to 67.5% - Petrol and Diesel Prices Down
- Fuel surcharge up by five percent
- Fuel surcharge goes up to 63.5 per cent
- Fuel prices to increase again tomorrow
- Diesel, kerosene and oil prices are all to rise from tomorrow
- Fuel surcharge expected to more than double
- Full details on fuel price reductions
- Enemalta announce increases in fuel prices
- A further increase in all fuel prices for November announced
- Fuel surcharge unchanged, but fuel prices up
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Enemalta Corporation has recommended to the Malta Resources Authority that the fuel surcharge on electricity and water remains at 50 per cent between this December and June 2008. Speaking during a press conference, Investment, Industry and IT Minister Austin Gatt said that this recommendation was made in spite of the fact that the price of oil on the international market has increased considerably.
Based on the international fuel price, the surcharge rate should have gone up to 97 per cent, but the government felt that such an increase would have been detrimental to the economy and therefore decided that the increase would be absorbed by the corporation. Dr Gatt said that this was only possible through the use of financial instruments which enabled the government to buffer the increase in international oil prices.
Dr Gatt added that petrol prices are only expected to rise by 5mils per litre up until June 2008. The price of diesel will rise by 5 mils per litre between December and March whilst kerosene will rise by 3 mils per litre. The price of light heating oil will also rise by 5 mils per litre.
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