Gas Prices Drop Again! YEAH!

Belmopan 28, November 2008 – The ministry of Finance wishes to advice the public of lower Pump Prices for Fuel Products that came into effect as of midnight November 27, 2008. In San Pedro regular gasoline dropped from $7.55 to $6.24 and diesel fuel from $7.45 to $6.62.

The Belize City pump prices per gallon for fuel products have been reduced as follows: Premium gasoline from $7.41 to $6.16, regular gasoline from $7.05 to $5.74, Kerosene oil from $6.97 to $5.97 and diesel oil from $6.96 to $6.13. Prices for fuel products in the districts will also be reduced commensurately. The Ministry of Finance advises that his action is in keeping with Government’s commitment to pass on in full any decrease in the acquisition cost to the Belizean Consumers.

These further reductions in the cost of fuel at the pump represent an additional savings to the relief already experienced by Belizean consumers as a result of the recent implementation of a lower flat tax by this Dean Barrow government, in place of the Revenue Replacement Duty (RRD) left in place by the last administration.

The Ministry also informs the public that, in keeping with Government policy, any future price changes in acquisition cost will be passed on fully to the prices a the pump.