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Utility surcharge rate rises to 95% as from Tuesday
By MaltaMedia News
Jul 1, 2008 - 6:39:15 PM
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The surcharge on electricity and water has been raised to 95% from its current 50%, government announced. The revised surcharge rate is effective as from Tuesday.
The revision comes as a direct effect of the rise in oil prices on the international markets and according to minister Austin Gatt it should be at 115%. Government is however subsidising the 20% difference between the old and the revised rate.
A new system of tariffs is expected to be implemented in October or November.
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Latest update:
Jul 4, 2008 - 6:39:41 PM CET
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