Posted: Saturday, June 11, 2022. 3:17 pm CST.
By BBN Staff: The price of various types of fuel continue to soar around the world, with Belize being no exception. In our case, prices have reached a new record high.
A photo posted on Facebook on June 8 by Albert Area Representative, Tracy Panton shows premium gas being sold at a whopping $16.03 a gallon at a gas station in Punta Gorda, Toledo.
It is the first time in Belize that the price of a gallon of fuel has reached $16.
Many Belizeans have expressed concern over the rising cost of fuel which influences the costs of almost all other products including food.
And with no end in sight for the Russia-Ukraine war, world market prices for oil is expected to continue to rise. This is causing record prices to be observed in the US and it is likely that the price of fuel will rise even higher in the Jewel.
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