The pump price of premium fuel has finally tumbled from its record high of twelve dollars and ninety-seven cents per gallon.
On Wednesday at midnight, the price of a gallon of premium fuel dropped by one dollar and thirty cents, and regular dropped by eighty cents per gallon.
So, premium fuel is now eleven dollars and sixty seven cents, and regular is now eleven dollars and twenty seven cents - per gallon.
The change in price is due in part to a sharp decrease in the world price for crude oil.
The next shipment of regular fuel only is scheduled to arrive on Monday. But under the new arrangement with Venezuela - the change in price for this fuel will not be reflected at the pump until the current inventory at the PUMA depot is depleted.
It's worth noting that the octane rating of the regular and premium fuel from Venezuela currently available in Belize is slightly exceeds the ratings of the "Magna" and Premium fuel available in Mexico.
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