The political pundits said butane prices would go up right after the municipal election - and so it has. One month after the March 7th election, the price of butane, or LPG, has gone up by almost 10%.
The new prices go into effect tomorrow - and they show the price of a hundred pound cylinder going up by 10 dollars per hundred pound cylinder across the country - that's up to 114 dollars in Belize City to 119 dollars in Punta Gorda.
This increase comes three months after the last price hike in January, 2018. At the time, LPG importers were so unhappy with the price set by the Supplies Control Unit that they threatened to go on strike and started limiting the supply of LPG. But an emergency meeting was held between the importers and the political brass where they hammered out, quote, "a successful agreement with the importers of LPG…the supply of LPG to Belize will remain uninterrupted….there will be no immediate adjustment to the controlled price of LPG…," end quote.
No immediate adjustment but three months later, here it is. That agreement - critics say - was based on an understanding that the controlled prices would be revisited after the election.
This second increase in the first three months of 2018, comes after the controlled price of LPG hadn't changed since January, 2017.
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