Maltese paid less for fuel since prices were locked

Maltese consumers may be losing out on the tumbling international fuel prices but they remain in the black compared to their European counterparts when considering costs over the past nine months. However, with international fuel prices expected to continue to fall, Maltese consumers will soon be out of pocket if the government persists with its current hedging policy without revising the price downwards, an exercise conducted by Times of Malta shows. Despite the pressure being mounted by the Nationalist Party to revise the price of fuel at pumps and reflect international prices, the government has so far resisted, arguing that, on a long-term basis, consumers still paid less than their EU counterparts. How fuel prices compare across the EU Highest Unleaded petrol prices in EU   January 12, 2015 May 5, 2014 Difference Netherlands 1.48 1.73 -25 Italy 1.47 1.74 -27 MALTA 1.42 1.44 -2 Greece 1.40 1.68 -28 UK 1.39 1.57 -18 EU Average 1.30 1.55 -25 Nine month average EU/Malta (Unleaded)between 5.5.2014 to 12.1.2015   Unleaded Diesel EU average price 1.50 1.36 Malta average price 1.44 1.36 Highest Diesel prices in EU   January 12, 2015 May 5,...