I was in Italy today and bought diesel at 1.28 cents per litre

Il-politika ta’ Joseph Muscat dwar il-prezz tal-prodotti taz-zejt hija bhal politika ta’ Mintoff dwar il-prezz tat-tonn taz-zejt. Fil-budget irahhas centezmu ‘l hawn u zewg centezmi ‘l hemm.

Issa qed jghid li meta jispicca l-‘hedging’ irahhas il-prezz.

Jista’ jghidilna ta’ l-inqas meta se jispicca l-‘hedging’, jekk veru hemm il-‘hedging’?

Izda l-konsumatur ma jinteressahx meta jispicca l-‘hedging’. Il-konsumatur ghandu dritt igawdi mit-trahhis fil-prezz internazzjonali.

In fatti, Joseph Muscat qed jiftahar li l-‘hedging’ huwa insurance. Imma l-insurance mhux meta jigru l-affarijiet hazin tridha – bhal meta joghla l-prezz? Meta l-affarijiet ikunu sejrin sew, u l-prezz internazzjonali jinzel, ghaliex din l-insurance qeghda tahdem kontrina?

We’re back to bulk buying. And the price stabilisation fund.

Pure Mintoffianomics.

I see the hand of Edward Skunkluna in this.

Joseph Muscat’s high prices show another sign that he is bailing out the economy, which is not showing good signs. Call me Mr. Doom and Gloom but I cannot see the “flus fi bwiet in-nies.”

In the case of Livigno, those prices still represent around 20% to 25% decrease on their normal price.

It shows that even in places where the price is kept at the lowest possible, they pass savings to consumers.

In a competitive global economy the only constant thing is change, not stability. Joseph Muscat has got his economics wrong once again.

Spot the logic, if you can.

The price of diesel in Romania is 1.13 euros per litre which is 35% higher than the average world price.

The prices in euros for diesel and unleaded petrol:

Canada 0.79 0.81
USA 0.54 0.7
India 0.89 0.73
Australia 0.83 0.95
Romania 1.09 1.13
United Kingdom 1.42 1.51

The information for most European countries, Australia, Canada, India, and the U.S. is updated each week. For other countries the updates are done twice per year.

Must have been a case of perception though, like the traffic jams.

The first time I was there myself I was also surprised with the price when compared to the rest of Italy.

So I am assuming that the price in Italy is around €1.10 – €1.20 right now.

I was in Ragusa early December and could buy petrol for €1.48 – €1.55. I am going there again in 2 weeks’ time and I will make sure to send you a photo.

Considering that Italy is among the most heavily taxed countries, Renzi at least is being fair with his people – unlike our Prime Minister. When the price in Malta was a bit over of €1.50, I clearly remember petrol in Torino and Sicily was over €1.80.