Fuel price reduction should reflect other EU member states, consumers' association says

The Association for Consumer Rights (ACR) has expressed concern that the energy sector in Malta was "plagued with problems". The statement comes in wake of repeated calls on the government to reduce further fuel prices.

“The lack of transparency or insecurity of resources in energy deals, mostly as a result of inadequate planning may well lead government to be in a position which will not guarantee safeguarding Malta’s competitiveness both in the medium and long term,” said ACR President Mary Mangion.

Mangion said that the investments in the sector involve huge financial commitments, and that a competitive energy policy should promote investment in the use of energy from renewable sources by fostering community development, engaging local production and SMEs, thus creating innovative opportunities for growth and employment

ACR also expressed concern over the current issue of high fuel prices. 

“Even after the 4c reduction, Malta still ranks fourth highest compared to other EU Member States,” Mangion said.

“This is exposing both consumers and industry to serious financial constraints, that will also impact on our economic stability and security, essential to the smooth functioning of the market.”

 Mangion added that the issue has also raised concerns of unfair competition practices to the detriment of consumers, and called on the Competition Authority (MCCAA) to investigate.

The ACR reiterated that the protection of consumer rights should be foremost, and the reduction in fuel prices should realistically reflect the prices of the majority of the other EU Member States.