Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy » Minister of Tourism: Fuel Prices “Crushing,” and Must be Addressed
Nov 2, 2021

Minister of Tourism: Fuel Prices “Crushing,” and Must be Addressed

The high cost of living, coupled with the inflation that has accompanied COVID, have affected everyone’s pocket, but particularly bedeviled the people who have lost all or part of their income. When he met with the media on Monday, Minister of Tourism, Anthony Mahler said measures are being taken to address not only inflation, but also rising fuel costs. He said that price controls can be put in place for certain food items, and, as we alluded last week, the government can reduce its taxes on fuel.

 

Anthony Mahler

Anthony Mahler, Tourism Minister

“Every week I take another product to Cabinet and I stick it in front of my microphone and I say (the price on) this has gone up by this much, so much so that triggered off an assessment done by the Bureau of Standards. I know you say that they don’t have the resources, but they did a thorough review of certain items and they’re coming up with a plan to address this issue because it is a combination of global prices; the supply chain has been affected by COVID and other issues but some of the local retailers are also increasing and price gouging and we know that, and so the Bureau of Standards is working on a program right now to address this. The cost of fuel is crushing right now; it’s twelve dollars or something like that and that is a serious, serious problem for any tourism business, or any business in the productive sector. It is crucial that we address this in a reasonable way, but a lot of it is out of our – in fact, if you go back and look at what also caused the great recession in 2007-2008, you will see that the high fuel prices also aided to the housing meltdown and I know it is crushing right now for a lot of Belizeans – for all of us – to pay twelve dollars a gallon for fuel.”


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

Comments are closed