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Premium and diesel prices go down

Posted: Wednesday, January 16, 2019. 5:00 pm CST.

By BBN Staff: The Ministry of Finance announces that midnight tonight, the price for premium gasoline will decrease by a further 52 cents — from $10.47 down to $9.95 per gallon.

The price of diesel will also decrease by 52 cents, from $9.83 down to $9.31 per gallon.

This is the third consecutive decrease in pump prices since November 2018.

Over that time, pump prices have fallen as follows per gallon:

  • Premium by $1.54
  • Regular by $1.32
  • Kerosene by $1.87
  • Diesel by $1.84

Notably, it is also the first time since January 25, 2017, that all fuel products are priced at the same time below $10.00 per gallon.

The Ministry says that the dramatic fall in fuel prices is principally due to weakening global demand reflecting concerns about economic growth prospects in 2019 and also a step up in production in the United States, Saudi Arabia, and Russia.

The Government of Belize continues to work with PUMA and all other industry stakeholders to ensure that the current downward trend in world oil prices is passed on to consumers as quickly as possible.


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