Prime Minister Robert Abela revealed that the government is holding talks with wheat importers to keep the price of bread under control.
Speaking to the Malta Independent, the PM said that the government is monitoring the situation with regards to several commodities, from bread to oil and fuel and energy. He reiterated that the government anticipated the impact of the Ukrainian war when it came to the price of wheat and cereals.
Given that both Russia and Ukraine are among the main producers of these products, the PM sad that the government has met importers to find solutions. Abela said that the government always pledged to remain close to the people since the pandemic hit and that it will continue to do so in the wake of current situations.
He said the same when it came to energy prices as the Electro-gas hedging agreement comes to an end in April.
‘We gave a clear guarantee in March 2020 that prices would remain stable and I will keep on pledging it now and in future. The prices of electricity, petrol, diesel and LPG will remain stable – meaning they will not rise’ he said.
When asked about whether there was a new hedging agreement, the PM evaded the question and insisted that prices would remain stable. Malta has a fixed price agreement with power stations and LNG terminal operator Electrogas, whose partners include the Azerbaijani state-owned SOCAR trading. The experts comes at a date when the international prices of oil and gas spiked due to the invasion of Ukraine.
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