BELIZE CITY, Wed. Apr. 17, 2019– Last Thursday, April 11, the price of regular gasoline shot up by 39 cents and the Ministry of Finance, in its press release announcing the new price increase, attributed the rise to the demand on the North American market and the decrease in production from OPEC.
At midnight last night, the price of premium fuel shot up by 40 cents per gallon, taking the price from $10.90 to $11.30. Government, to explain this increase, relied on the information it released last week to justify the fuel price hike, and added that it “will be working closely with the fuel industry to ensure that prices remain as low as possible.”
For the record, as the Easter weekend approached last year, the government raised the price of fuel.
During this holiday period, Belizeans usually do a lot of traveling around the country, and so the consumption of fuel is higher than usual levels.