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January 28, 2019
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Ministry of Finance says fuel price hike due to ‘ uncertainties in geopolitics’ in Latin America

Posted: Monday, January 28, 2019. 4:57 pm CST.

Posted: Monday, January 28, 2019. 4:46 p.m. CST.

By BBN Staff: The Ministry of Finance announced that at midnight tonight, the pump price for Premium gasoline will increase by 24 cents from $9.95 to $10.19 per gallon.

The Ministry says that the increase in the price is principally due to tightening global demand, reflecting extreme winter conditions in North America and Europe, together with uncertainties in geopolitical conditions in several major oil-producing countries in the Middle- East and in Latin America.

The Government of Belize says that they continue to work with PUMA and all other industry stakeholders to ensure that any price increases are kept to their absolute minimum.


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