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Sep 4, 2017

Gov’t Warns Fuel Prices Will Go Up Again; Harvey to Blame This Time

Get ready for higher gas prices once again sometime this week, although this time there is some explanation from the government. The last increase came just last week for premium and diesel fuel, with recent increases also reported for regular fuel and even kerosene. This time the increase, the extent of which is not yet known, is thanks to Hurricane Harvey, which has caused shutdowns of oil refineries in the Houston area. A statement from the Government notes that Belize imports a substantial quantity of refined fuel from Houston suppliers in addition to that provided from Venezuela under the Petrocaribe accord. But operations in Houston are shut down and not expected to resume per normal for some weeks to come. With a quarter of all crude oil in the U.S. refined in Texas, prices have spiked due to the current shortage in the U.S. and other countries importing from those refineries. Government says Belize is presently purchasing and bringing in by truck fuel from El Salvador, which it says contributes to the current high pump prices. It does promise that working in conjunction with key supplier PUMA, the increases are to be kept to the minimum and for the shortest possible time.

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2 Responses for “Gov’t Warns Fuel Prices Will Go Up Again; Harvey to Blame This Time”

  1. jake says:

    This is price fixing the price of finished gas RBOB Gasoline Sep 17 1.69 -0.06 last week it was as high as 2.26 per gallon. Some one is being GREEDY.

  2. concern says:

    I am wondering who has the sweet contract to bring fuel by truck from El Salvador..a good story to investigate and develop…

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