Fuel Prices Go Up!

Seven days into the start of 2020 consumers are bracing for a significant jump in the prices of fuel as of midnight tonight. And it is expected that further surges in prices will hit consumers as the volatile situation involving Iran continues to play out. So kerosene will increase by twenty-six cents from seven dollars and fifty-one cents to seven dollars and seventy-seven cents per gallon. Diesel will go up by twenty-three cents from ten dollars and six cents to ten dollars and twenty-nine cents per gallon. The prices for regular gasoline and premium gasoline will remain unchanged at ten dollars and seventy-two cents and ten dollars and six cents per gallon at pump stations.  A government release states that these price changes reflect current demand and supply conditions of crude oil in the international petroleum market and fluctuations in the acquisition price of refined fuel products in the countries from which Belize obtains its supplies.