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Sep 8, 2011

Running out of gas? Butane Price and Supply on the precipice

Going into the September tenth holiday, there is word that three major butane gas suppliers: TOMZA, Zeta and BWEL, are threatening to stop supplying butane to distributors beginning this Friday. Already two Belize City distributors are out of butane and others could be running short as early as this Friday since most depots only keep a three day inventory. Information to News Five is that wholesalers have been seeking a price adjustment of six dollars per one hundred cylinder of gas. The price is regulated and government has to give its nod to any change but it has not agreed to the increase which the suppliers claim is necessary because of the high acquisition costs. They cite heavy financial losses since June of this year and prefer to shutdown rather than continue hemorrhaging from a reported twenty cent loss per cylinder. The representatives of the three companies were not able to meet with Minister Erwin Contreras but have met with Consumer Protection officials in the past two days. As to the status of the required scales following an uproar earlier this year when it appeared that consumers were being short changed, we were told that the three companies have finally acquired and certified the imported scales but that customers do not particularly care to weigh their tanks at purchase. So the situation is that one day away from the holiday, there is threat of a butane shutdown.

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3 Responses for “Running out of gas? Butane Price and Supply on the precipice”

  1. knowyourrights says:

    Is it that the Minister does not wish to meet with our businessmen???? …. yet they can find time to meet with the Gangs! and for that matter, at the highest level! the dictator of a Prime Minister that we have!

  2. DT says:

    Talk about ‘Chancey’! These people have been fleecing Belizeans for years, to the tune of millions of doallars, and even after they got found out and the law was changed, they are still not in compliance and none have been prosecuted. Now they are bleating over losing money, so need to stop supplies…. Obviously they have no concience, or they’d have taken the small licking in comparison to the licking their customers took, and still take and kept their mouths shut!

    You know what? Let them, everyone get their Butane from BNE instead. Cheaper, weighed every time and you get a far better quality fuel too. They actuallycheck the tanks before filling, and won’t fill any that are cooroded and could explode either during filling, or any time after, so they look after our safety as well as thier own.

    The importers have been riding the gravy train at our expense for way too long as it is. Consumers should boycott the lot, and for a very long time!

  3. c says:

    dont worry the PM will negotiate with the butane gangs too!!

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