On Sunday Enemalta Corporation has announced the new revised fuel prices effective from the 3rd of January 2011.

Product Previous Price Recommended Retail Price Change
Unleaded €1.270 €1.310 €0.04
Diesel €1.150 €1.210 €0.06
Kerosene €1.150 €1.210 €0.06
Gasoil for heating €0.770 €0.830 €0.06
TFO 200 €545.00 €583.00 €38.00
TFO 450 €532.00 €567.00 €35.00
TFO 900 €510.00 €539.00 €29.00

These revisions reflect the prices fetched by Enemalta for the latest shipments of imported fuel. The International Energy Agency (IEA) said that the recent oil price spike was largely due to a rise in consumption in the third quarter of 2010 in the U.S. and Europe. Such a trend is expected to continue.

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