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Premium fuel goes up to $17.60

Posted: Tuesday, July 5, 2022. 11:34 am CST.

By Benjamin Flowers: As we reported yesterday, the price per gallon of Premium gasoline went up at midnight, and is now just 40 cents shy of $18 per gallon.

Premium gas went up by $1.82 cents last night from the previous $15.78 to $17.60.

The Government of Belize has not issued an official release about the increase, which represents the 13th price adjustment for fuel this year.

Earlier this year Prime Minister John Briceno stressed that GOB was not withholding the information on gas prices, saying “The truth of the matter is we are not controlling the publication because you get it [the information] the minute it hits the pump.”

In March, GOB implemented a cap on Regular and Diesel fuel as a measure to help the public cope with the rising cost, absorbing the losses. Last week GOB also rolled out a five-month fuel subsidy program for the tourism sector, which it says is one of the most impacted industries by the high cost of fuel.

Progressive.com explains that Premium gas has a higher octane rating than regular gas, which increases fuel efficiency by making it more difficult for the gas to burn out in the wrong part of the fuel cycle. The majority of vehicles on the road do not require Premium fuel, and some engines only recommend Premium, but can still run perfectly fine on regular.

To check if your vehicle requires Premium fuel, check either on the inside of the fuel filler door or in the car’s manual.

 

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