Last week, world oil prices went to a five month low - but in Belize the price of premium gas is looking like an all time high. At midnight it went up to eleven dollars and four cents per gallon, while regular was stable and diesel inched down by three cents per gallon. And if you're wondering why fuel prices in Belize have been going consistently up while world prices have been trending down - some of that has to do with the instability in Venezuela which is the main supplier of Belize's oil. We're told that the supply has become inconsistent which has driven up shipping costs, which affects the landed price of fuel.
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Last week, world oil prices went to a five month low - but in Belize the price of premium gas is looking like an all time high. At midnight it went up to eleven dollars and four cents per gallon, while regular was stable and diesel inched down by three cents per gallon. And if you're wondering why fuel prices in Belize have been going consistently up while world prices have been trending down - some of that has to do with the instability in Venezuela which is the main supplier of Belize's oil. We're told that the supply has become inconsistent which has driven up shipping costs, which affects the landed price of fuel.