Kerosene and diesel prices hiked

By BBN Staff: The Ministry of Finance today announced that effective midnight, the pump price of two fuel products will change.

The price for kerosene and diesel will register increases as follows:

Kerosene will increase by 26 cents from $7.51 to $7.77 per gallon;

Diesel will increase by 23 cents from $ 10.06 to $ 10.29 per gallon.

The prices for regular gasoline and premium gasoline will remain unchanged at $10.72 and $10.06 per gallon, respectively.

The Government says that these price changes reflect current demand and supply conditions of crude oil in the international petroleum market and fluctuations in the acquisition price of refined fuel products in the countries from which Belize obtains its supplies.

The Government says that it is monitoring the price movements and supply conditions closely and will work with the fuel industry to safeguard the pump prices paid by Belizean consumers.

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