RE: Oil price21 Dec 2023 11:42
"Finally, the government recognises that higher oil and gas prices may have had an impact on the production costs of the oil and gas sector due to elevated global energy demand following the COVID-19 pandemic. In light of this, the government has decided to also adjust the ESIM price thresholds in line with inflation in future years. Future adjustments to the thresholds will be based on an annual measure of Consumer Prices Index (CPI), starting from April 2024 and using the preceding December’s CPI figure."