Prime Minister Robert Abela revealed that average drivers could have ended up spending over €20 extra on fuel every single week had the government not stabilised prices.
Addressing a press conference and answering questions by journalists, Abela said that, through a simple calculation, it was found that an average person who owns a small vehicle would have had to spend around €20 more on fuel every week.
Addressing the inflation crisis as a primary global and national challenge, Abela said that Malta acted quickly to anticipate the phenomenon. ‘We weren’t insensitive to this reality. We kept field and energy prices stable and gave additional help when it came to food inflation.’
Abela went on to say that he is still not pleased despite Malta having the lowest EU inflation rate as people are still feeling the impact of rising food prices. The government, Abela said, aims to give people more money in the wake of the crisis largely caused by the war in Ukraine.
Subsidies have been given to importers of cereals, flour and even animal feed to promote stability, with the government using hundreds of millions of public funds to absorb the inflation itself and keep fuel and electricity prices stable.
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