As of mid-night tonight, prices for Regular Gasoline and Kerosene will see reductions at the pumps.
Regular Gasoline will fall 13 cents per gallon across the country, here in Orange Walk Town that reduction will drive the price for regular gasoline from eleven dollars and ten cents to ten dollars and ninety-seven cents. The pump price for Kerosene will decrease by 43 cents per gallon going from eight dollars and seventy-two cents eight dollars and twenty-nine cents here in Orange Walk.
The pump prices of Premium Gasoline and Diesel Oil however, remain unchanged.
According to a release late this evening by GOB, the price decrease has come about as a result of a shipment that was procured by PUMA earlier last month when global oil prices were still declining.
The release further adds that with the step-up in oil production planned by Saudi Arabia and Russia in the coming months, the decrease in fuel prices that Belize observed in recent shipments may be stabilizing, as the world market price of crude oil is expected to trend upwards with the expected higher oil output.
GOB promises to continue monitoring the situation very closely and to remain engaged with PUMA and other stakeholders involved in the local supply chain to work out ways to keep prices in check as much as possible.