7 News Belize

BBB Blasts New LPG Monopoly
posted (August 20, 2019)
The National Gas Company which got the green light in the House of Representatives last week Friday is coming under scrutiny tonight.

As we told you, the company is a public private partnership, a state-protected monopoly which will supply all the LPG - or what we call butane to Belize. It's a major shift from the Mexican supplier which owns all the major butane companies.

But at what cost? Tonight, the Belize Business Bureau - which is very rarely heard from - has issued a scathing press release blasting the new company, and the National Liquified Petroleum Gas Project Bill which sets it up as a monopoly.

The release says, quote, "The government has decided to table a bill for the creation of a new monopoly which is regressive; places a monopoly tax on the poor; increases inequality; creates job losses and further unemployment...". End quote.

The release adds, quote, "what was needed was a competition law to allow for more distributors, stronger standards and regulatory penalties for price gouging." End quote.

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