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Dec 6, 2019

The Debate over LPG Price Formula

Mark Lizarraga

In October, representatives of Belize Western Energy Limited, Gas Tomza, and Southern Choice Butane (Zeta Gas) met with Prime Minister Dean Barrow to discuss the National Gas Company which in six months will begin operations as the sole importer of butane in the country.  In August, the government gave the nod to the National Gas Company and has twenty-five percent shares.  The amendment of the Supplies Control Act is seen by some as government’s move to protect the private interest of the National Gas Company.

 

Mark Lizarraga, Senator for the Business Community

“Granted when the new company comes into operations there is going to be a new formula to arrive at the suppliers’ price but there is still no formula that we can ascertain to arrive at the retail price. So today’s attempt while it was an attempt to stop what they term as predatory pricing by a monopoly or a cartel, they went as far as saying that it was a cartel, we believe that it was a piece meal and it should have been addressed differently. They could have done more to address is properly instead of seeking to go to war. They can’t even enforce the present law and the present people who are breaking the Supplies Control Act. That department is severely understaffed so it is ludicrous.”

 

Herbert Panton

Herbert Panton, Pro Tempore Senator

“If that world where Senator Lizarraga came out with the figure after putting the figure in his formula, came up with the cost price being two dollars and change.”

 

Mark Lizarraga

“On a point of order Mr. President, it was not my formula. I am using the that was in law. I didn’t make any formula and I can show you how I arrived at that price.”

 

Herbert Panton

“I stand corrected Senator, the formula enshrined in law. If that was the only consideration, the good Senator could go online make his application to how much green hams he wants to import within day he would get a positive answer, go and import his ham and have no problem.”

 

Mark Lizarraga

“On a point of order, that is absolutely untrue. That system does not exist and it does not work that way.”

 

Herbert Panton

“Precisely, neither does the formula. That is my point. That system does not exist and neither does the formula.”


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