US President Donald Trump's pullout from the Iran nuclear deal is driving up oil prices worldwide, and you can expect the same with Belize's already sky high fuel prices.
But the news isn't all bad - not yet, at least. Effective tomorrow May 16th at midnight, Premium Gasoline which is now $11.36 per gallon in the city will actually go down by 3 cents,
Regular Gasoline will go up by 10 cents, and you will be paying 11 cents more per gallon for Diesel, while Kerosene will go down by 12 cents.
A rare government release on the subject states, quote, "There has been a steady increase in world oil prices over the past few weeks due to an increase in demand for the summer months…..The Government has engaged with the key importer, PUMA, to rationalize the delivery cost of the supply into Belize. This has resulted in the decreases in the prices of Premium and Kerosene."
But you can expect it to get worse before ti gets better, and the release says that "Government will continue to monitor the situation especially as it relates to that recent developments in the Middle East and Iran, as well as the announcement of further sanctions against Venezuela - which affect the cost of fuel."
Email
Print