7 News Belize

Gas Breaks The $12.00 Barrier
posted (March 29, 2012)
Just before the election, Government announced that it would be absorbing a sharp increase in the acquisition price of fuel - which meant giving up 1.5 million dollars in revenue.

It's not the kind of thing that can be maintained, and so on Wednesday morning, the full weight of increased world prices fell like a load of bricks on the Belizean consumer.

Premium fuel jumped by 49 to a crushing $12.12 per gallon, Regular jumped by 50 cents to a prohibitive $11.81 per gallon, and diesel went up by twenty cents to 10.90 per gallon.

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