Chamber of Commerce, Enterprise and Industry says government should reduce fuel/utility prices to reflect low price of crude oil

Published: January 30, 2015 at 11:34am

The Malta Chamber of Commerce, Enterprise and Industry has just released a statement about the matter. You can read it here:

30.01.15 – Malta Chamber urges Government to lower fuel utility prices

It says: An immediate reduction in the price of fuels and utility rates coupled with the falling value of the Euro will have a windfall effect on Malta’s competitiveness and will lead to higher exports which will in turn boost economic growth. This is a unique opportunity which should not be missed as the economic benefits could be significantly higher than the reduction in Government revenue.

But why bother with all that? Sandro Chetcuti, in cahoots with the government, has just announced that ‘good times are ahead’ because he and his mates are going to be building lots of flats for the people who are buying Maltese passports. See previous post.




5 Comments Comment

  1. Wilson says:

    Was it 400 that applied for the passport scheme? What about the other 70,000 buildings?

  2. ciccio says:

    Excellent. An important step forward in putting pressure on the system to reduce those fuel prices. They talk about the effects on Malta’s competitivity, which is what I expect the Chamber to talk about.

    Meanwhile, the PN continues to quote one website after the other about fuel prices in Europe, and how Joseph Muscat’s government is committing a robbery, without addressing the issue in the way the Maltese electorate understands best: “flus fil-but.”

    If the government reduces the price of fuels by about 30%, a household which spends Eur 30 per week on fuels will have Eur 500 more in “flus fil-but” per annum.

    And a family which spends Eur 50 per week on fuels would have Eur 750 more in “flus fil-but” every year.

    Imagine how much more “flus fil-but” those families will have if government reduced the price of fuel by 40% or 50%.

    And has anyone said anything about the government giving a weekly COLA wage increase of 58 cents, which it is now taking back in 1 litre of fuel? The situation in the price of local fuels at the pump is such that, from 1 January, rather than receiving an increase of 58 cents per week in wages, workers are paying an extra 58 cents per litre of fuel to the government.

  3. vic says:

    Spain’s downfall was preceeded by a boom in the building industry. Are we going to take the same road ?

  4. ciccio says:

    Two wheels one on each side, a horse and a comfortable sofa and it makes a nice karozzin, actually.

    Now I think I understand why Labour wanted a roof on the Teatru Rjal. They probably had promised the hawkers to set up the monti in the theatre.

    http://www.timesofmalta.com/articles/view/20150130/local/vallettas-new-monti-stalls-and-location-come-under-fire.554024

    Will the Order of St. John be suing for royalties for the use of the 8-pointed cross?

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