Posted: Friday, March 6, 2020. 4:56 pm CST.
By BBN Staff: The Ministry of Finance today announced that on March 7th, 2020, the pump price for regular gasoline will increase by 50 cents from $9.73 to $ 10.23 per gallon.
The prices for premium gasoline, kerosene and diesel will remain unchanged at $10.40, $6.62 and $9.84 per gallon, respectively.
The Ministry says that the price change reflects 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 of Belize 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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