Fuel prices down by 7 cents from next Monday 15 June

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The price of fuel will decrease by 7 cents as from next week, the government announced on Monday night as it unveiled its plan for economic regeneration.

This means that the price of petrol will decrease from €1.41 per litre to €1.34 per litre, while the price of diesel will decrease from €1.28 per litre to €1.21 per litre.

The price change will apply from Monday 15 June onwards.

It is one of a number of measures which were announced by the government on Monday evening, as the country moves into the phase of economic recovery from the effects of the Covid-19 pandemic.

The price change is the first revision since August 2019, when prices increased by 5 cents.

The reduction of fuel prices was one of the measures which several stakeholders, including the opposition, had called for during the pandemic, especially as oil prices plummeted across the world.