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Jun 3, 2019

Price for Premium Gas to Increase, while Diesel Cost Decreases

As of midnight tonight, the pump price for premium gasoline will increase. The new price will be eleven dollars and fifty-four cents, an increase of twenty-four cents and six cents less than the twelve dollars margin. Motorists may find a bit of relief with the decrease in price for diesel. The pump price for diesel gas will decrease by twenty-one cents from ten dollars and forty-six cents to ten dollars and twenty-five cents per gallon. The fluctuation in prices is caused by current demand and supply conditions of crude oil in the international market. According to the Ministry of Finance, prices are also being affected by the availability of refining capacity in the countries from which the refined fuel is being supplied to Belize.


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