MaltaMedia.com

Liquigas Malta Ltd announced a reduction in LPG prices effective as from Sunday 1st August 2010, being the beginning of the month.

Liquigas explained that this LPG price adjustment is the result of two factors, namely the favourable fluctuations in the euro/dollar exchange rate and a slight price decrease of the raw material. This translates into an average reduction of 6% to the final customer.

Product	Previous Price		Revised Price		Change
	Consumers Price including VAT		Consumers Price including VAT as from 01/08/2010		Change
	LPG Mix	Propane Gas	LPG Mix	Propane Gas	LPG Mix	Propane Gas
Loose Kg	€1.20	€1.20	€1.15	€1.20	- €0.05	-
Cylinder Kg 10	€11.80	€11.20	€11.10	€11.20	- €0.70	-
Cylinder Kg 12	€13.90	-	€13.10	-	- €0.80	-
Cylinder Kg 15	€17.00	€16.20	€16.00	€16.20	- €1.00	-
Cylinder Kg 25	€27.30	€26.00	€25.70	€26.00	- €1.60	-
Bulk per Kg	€1.10	€1.10	€1.05	€1.10	- €0.05	-

This is the second revision taking place during the last two months following July’s price adjustment. As from now on, Liquigas is required by the Malta Resources Authority (MRA) to publish the price of LPG/propane a day before the end of each month. Prices will be applicable on the first day of each month.

LPG prices will continue to be reviewed on a monthly basis according to MRA’s methodology and, therefore, the selling price may vary on a monthly basis to reflect product cost variations on the international markets.

Price variations will apply only if and when the variation in the product cost is +/- 2% when compared to the previous month’s price.

The final prices as approved by MRA will be the maximum price of LPG/propane on the Maltese market. Distributors are not authorised to charge additional prices over and above the above prices.