7 News Belize

Regular Fuel Price Spikes Amidst Fuel Shortage
posted (March 25, 2015)

The fuel tanker ship from Venezuelan fuel supplier PDVSA (Pe-De-Ve-Sa) was scheduled to arrive today – and at midnight the price of regular fuel shot up.

Regular which had been lagging behind diesel went up by a dollar and fifteen cents from 7 dollars and 74 cents a gallon to eight dollars and eighty nine cents. That's a 15% increase – and creates another unusual situation where premium fuel at $8.80 per gallon is now nine cents cheaper than regular per gallon.

The change in price is a reflection of the cost of acquisition.

Diesel and premium prices did not increase with this shipment.

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7 News Belize