Pain at the pump as fuel prices jump by more than fifty cents

If you’ve been watching international news reports lately, you would have seen that the world price of oil has been steadily increasing so it’s no surprise that those hikes have trickled down to local gas stations … but just because you saw it coming doesn’t make it any less painful. Brace yourself.

Premium is now ten dollars and fifty-nine cents, up fifty-nine cents.
Regular will sell for ten dollars and forty-five cents, reflecting a fifty-five cent increase.
Diesel, the life blood of the productive sector, jumped by fifty-three cents a gallon to retail at nine dollars and sixty-one cents.
Kerosene users will take the biggest hit as that fuel is now nine dollars and seventy-two cents, a seventy-eight cent price hike.

According to a Government press release the new prices will take effect on Saturday, May third. Belmopan points out that the ‘sharp increases’ are evidence of the fact that G.O.B. has already removed the Revenue Replacement Duty on Kerosene and Diesel and “reduced the R.R.D. on gasoline to its lowest point in over ten years”. Viewers should note that increases in butane prices traditionally follow jumps in the cost of fuel.