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Diesel prices to decrease

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Posted: Wednesday, November 4, 2020. 2:22 pm CST.

By BBN Staff: The Ministry of Finance announced that effective Thursday, November 5, 2020, the pump price for diesel will decrease by 39 cents from $8.33 to $7.94 per gallon.

The prices for premium gasoline, regular gasoline, and kerosene will remain unchanged at $9.20, $8.86, and $4.73 per gallon, respectively.

The Ministry says that the price change reflects the 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 noted 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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