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Fuel prices to increase
By Giselle Borg Olivier
Apr 3, 2006, 11:21 CET

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Unleaded petrol, Lead Replacement Petrol (LRP), Diesel and kerosene are all going up in price as from Monday 3 April.

Unleaded petrol is increasing from 45c5 to 46c4 (+0c9) per litre; LRP is increasing from 48c5 to 49c4 (+0c9) per litre; Diesel which currently costs 41c5 is going to cost 42c1, an increase of +0c6 per litre, whereas kerosene is increasing by +0c5, from 41c5 to 42c0.

Light Heating Oil is retaining its price at 23c9 per litre, whilst Thin Fuel Oil (200 deg) is decreasing in price from Lm156.50 to Lm156.00 per ton. Thin Fuel Oil (450 deg) is also decreasing in price by 50c from Lm153.50 to Lm153.00, as is Thin Fuel Oil (900 deg) which is going to cost Lm148.00 rather than Lm148.50.

These revisions are based on the prices that Enemalta would have paid for the latest consignment of fuel which would have been imported. This price depends on international oil rates as well as the rate of exchange between the American Dollar and the UK Sterling.

In the case of petrol, the changes include the deduction of sisa on the product (0c125 without VAT) which is the fourth deduction of transitory sisa which was introduced to make up for the transitory introduction of the fuel surcharge on electricity.

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