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Government issues new controlled prices for Liquified Petroleum Gas (LPG)

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Posted: Wednesday, May 13, 2020. 6:42 pm CST.

By BBN Staff: The Supplies Control Unit (SCU) in the Ministry of Investment, Trade and Commerce today informed that effective today, May 13, new fixed controlled prices will be introduced for the sale of Liquefied Petroleum Gas (LPG).

A statement from the ministry says that the change now reflects the sale by wholesale volume and retail sale by volume in both urban and rural areas.

“Of note, is that this price adjustment reflects an increase in the acquisition price of LPG. This spike in acquisition is precipitated by cutbacks in production in major producing countries such as the United States, Mexico, Russia and OPEC,” the Ministry expressed.

The public is advised that the prices established for imported LPG are based on the mixtures of 70:30 (Propane: Butane) only as per requirement of the Belize National Standard Specification for Liquefied Petroleum Gas (LPG) BZS 21:2012.

 

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