Petrol station owners will be given a partial refund of the price difference on their stocks, following the announcement of lower prices on fuel, the government said. The agreement was reached at a meeting between the Infrastructure Ministry and the GRTU, which represents the station owners.
The ministry said that the refund would only cover part of the difference between the old and the new prices since the petrol station owners had profited when prices went up in the past.
But several consumers will remain without their refund, after they purchased their fuel at the usual high price on Monday because a number of petrol stations failed to revise the prices.
Petrol stations decided to wait for Enemalta officials to visit their stations to quantify their fuel stock before revising their prices downwards, as announced by the government last Saturday.
The price of unleaded petrol per litre went down by 25c to 99 cents while the price of lead replacement petrol is €1.06, a reduction of 25c. Diesel now costs 99c a litre, 24c cheaper, and kerosene went down by 30c to €1 a litre.
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