Fuel prices fall as world markets ease

After months of price hikes, tonight there is word that the cost of fuel has dropped dramatically. According to a government press release issued this afternoon, premium is now nine dollars and seventy-two cents, down from ten dollars and fifty-three cents. Regular gasoline dips from ten dollars and six cents a gallon to nine dollars and twenty-nine cents. Kerosene is now five dollars and seventy-eight cents, a difference of eighty-five cents from the old price. And rounding out the list is diesel which drops to six dollars and seventy-eight cents, down seventy-seven cents. Belmopan credits lower acquisition costs following falling prices on the world market. With tensions remaining high in the Middle East as well as potential turmoil in Nigeria, those prices are not expected to stay at those levels for long.