'It makes no sense to hedge fuel prices in current situation'
Finance Minister Tonio Fenech told Parliament yesterday it did not make sense to hedge fuel prices in the current volatile situation, but normally Enemalta Corporation hedged at some 70 per cent on both fuel and the dollar.
With the price of oil hitting record levels, petrol prices exceeding £1.10 per litre and gas and electricity prices up by 15 per cent, a poll shows two thirds of Brits fear they won't be able to cope if fuel prices continue to rise...