Belmopan- Gas prices in the country are finally edging lower, with the price for kerosine showing the biggest drop. As of tomorrow, regular gas will also cost 13 cents less than it did until today. As of tomorrow regular gasoline will cost $10.89 per gallon.
The pump price for Kerosene will decrease by 43 cents per gallon in Belize City to a new price of $8.21 per gallon.
According to the Government of Belize (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 pump prices of Premium Gasoline and Diesel Oil will however remain unchanged.
According to the GOB, 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.
The GOB says they will continue to monitor the situation very closely and will 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.