To­day, the price of oil is much cheaper than it was in the pre­vi­ous leg­is­la­ture – Busut­til

Malta Independent - - NEWS -

Op­po­si­tion Leader Si­mon Busut­til ex­plained that his state­ments about re­duc­ing the price of elec­tric­ity com­pletely changed prior to the last elec­tion to now due to three fac­tors: the BWSC sta­tion, the in­ter­con­nec­tor and the in­ter­na­tional price of oil.

In mass meet­ings prior to the last gen­eral elec­tion, Dr Busut­til said that should elec­tric­ity prices be re­duced, Malta would ex­pe­ri­ence grave prob­lems. He has now re­peat­edly de­manded for the price of elec­tric­ity to go down.

Asked by The Malta In­de­pen­dent if he sees this as a con­tra­dic­tion, he said that no con­tra­dic­tion has taken place be­cause in 2013 the fruits of the BWSC sta­tion had not yet come to fruition, nei­ther had the in­ter­con­nec­tor at that stage and lastly the in­ter­na­tional price of oil wasn’t what it is to­day.

At the time, the price of oil stood at USD120, but is now be­tween USD40-50. He said that thanks to the PN’s in­vest­ments in the BWSC sta­tion and the in­ter­con­nec­tor has the price of elec­tric­ity man­aged to be re­duced.

He said if there is a con­tra­dic­tion, it is with Prime Min­is­ter Joseph Mus­cat for want­ing the price of elec­tric­ity to be re­duced when the in­ter­na­tional price of oil stood at USD120, but now re­fuses to re­duce prices.

Dr Busut­til fully com­mit­ted to launch­ing an in­de­pen­dent in­quiry into no port­fo­lio min­is­ter Kon­rad Mizzi and the PM’s chief of staff Keith Schem­bri over the Panama Pa­pers scan­dal, where the lat­ter were found to have com­pa­nies in the fi­nan­cially se­cre­tive ju­ris­dic­tion of Panama.

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