Tag:
Fuel Prices
Business & Economy
Ambergris Caye Sees Nearly $2 Per Gallon Increase in Gas Prices
Fuel prices, including premium and regular gasoline, rose sharply on Friday, March 13th. In San Pedro Town, Ambergris Caye, regular gasoline and diesel are the primary fuels used. To date, the price of regular gasoline has increased from $11.50 to $13.44 per gallon. The price of diesel remains at $12.07 per gallon. The increase, affecting the entire country, has been attributed to the ongoing United States and Israel conflict with Iran in the Middle East, which has reportedly impacted global oil markets.
Business & Economy
Fuel Prices Drop in Belize, but Cost of Living in San Pedro Remains High
Fuel prices in Belize have decreased over the past few weeks, with prices on the mainland dipping below $11 per gallon. In San Pedro Town, Ambergris Caye, prices for diesel and gasoline, the main types of fuel consumed, have also decreased compared to previous years. The price for diesel per gallon is currently $12.07, while regular gasoline is $11.50.
Business & Economy
Government Mitigating Impacts of Fuel Prices
The Government of Belize reiterates the various steps Cabinet has taken to cushion increases in the imported price of fuel products, which has risen substantially as a consequence of, among other developments, the war in Ukraine.
Business & Economy
SIB’s April report shows decline in exports and increase in consumer prices
The April report from the Statistical Institute of Belize (SIB) notes that domestic exports declined by 13.6%, or $6.2 million, compared to the same period last year. According to the report, the sugar and banana products reflected the decrease in exports. In comparison, consumer prices rose by 5.8%. The areas/services affected included vehicle fuels, food, and Liquefied Petroleum Gas (LPG).
Community and Society
Deadline to apply for fuel subsidy for tour operators extended until May 13th
Tour operators who did not have the time or opportunity to apply for the fuel subsidy program have until Friday, May 13th, after the deadline was extended. The fuel subsidy program for eligible tour and tender operators is funded by the Government of Belize (GOB) and the Belize Tourism Board (BTB).
Government
GOB to provide fuel subsidies for tour operators and public transportation on the mainland
To avoid an increase in the cost of services, such as tourism, the Government of Belize (GOB) and the Belize Tourism Board (BTB) will provide a capped fuel subsidy for eligible tour operators up to $1.5 million. The decision was made on April 5th during the weekly Cabinet meeting.
Business & Economy
Changes in the Pump Price of Fuel Effective January 8, 2020
The price for kerosene and diesel will register increased as follows: Kerosene will increase by 26 cents from $7.51 to $7.77 per gallon; Diesel will increase by 23 cents from $ 10.06 to $ 10.29 per gallon. The prices for regular gasoline and premium gasoline will remain unchanged at $10.72 and $10.06 per gallon, respectively.
Business & Economy
Increase in Pump Price for Regular Gasoline
The Ministry of Finance announces that at midnight on January 25th, the pump price for regular gasoline will increase by 20 cents from $9.31 to $9.51 per gallon.