7 News Belize

Chamber Says Yes To Lower Fuel Prices, Urges GOB to Come Up With A Fuel Price Formula
posted (October 3, 2017)
Last week the Prime Minister promised that pump prices for fuel would come down by mid-October. Well, the Chamber of Commerce today issued a statement saying, "right on!"

But they note that with taxes comprising up to 43% of the pump price, quote, "Government is in the best position to manage pump prices for the benefit of every consumer and every economic activity."

The chamber also urges government to "formalize a long-term fuel pricing policy as part of a comprehensive and well-thought-out tax strategy."

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