Enemalta Corporation has announced a revision in fuel prices effective from 1st December 2009 with all fuel prices going up by 1 euro cent.

Here are the increases as announced by Enemalta:

Product

Previous Price

Revised Price

Change

Unleaded

€1.110

€1.120

€0.01

LRP

€1.180

€1.190

€0.01

Diesel

€0.960

€0.970

€0.01

Kerosene

€0.960

€0.970

€0.01

Gasoil for heating

€0.610

€0.630

€0.02

TFO 200

€422.00

€460.00

€38.00

TFO 450

€416.00

€451.00

€35.00

TFO 900

€404.00

€436.00

€32.00

These revisions reflect the prices fetched by Enemalta for the latest shipments of imported fuel. The November unleaded consignment were based on November Platts prices which are slightly higher than the August levels on which previous revisions were based. Diesel prices were based on the movements in stock levels.

Since January this year, Brent crude oil prices have surged by 61% from a level of $46.91 a barrel to $75.65 a barrel as illustrated in the graph below.

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