Liquefied petroleum gas (LPG) prices edge down further

Published by BBNTEAM at November 22, 2022

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Butane prices rise 8 to 9 dollars per pound

Posted: Tuesday, November 22, 2022. 9:04 pm CST.

By Aaron Humes: Beginning on Wednesday, Belizeans will be paying $128 per hundred-pound cylinder for liquefied petroleum gas (LPG) in the urban areas and $131 in the rural areas.

The Supplies Control Unit in the Ministry of Agriculture announced a decrease this evening of one dollar per hundred-pound cylinder in urban areas from the last announcement earlier this month and no change in rural areas.

The corresponding prices per gallon are $4.00 wholesale, $5.60 retail (urban), and $5.70 retail (rural), a decrease of three cents per gallon.

The reduction is a result of the decrease in the acquisition price of propane, the greater of the two components that make up LPG (which is sold in Belize at a 70-30 ratio).

For comparison, around this time last year (when a price reduction was announced on November 30, 2021), prices stood at $4.43 wholesale, $6.03 for urban retail, and $6.13 for rural retail. From year to year, prices are down 40 cents per gallon. The per pound price is down $9 per hundred-pound cylinder in urban areas and $8 per hundred-pound cylinder for rural areas.

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