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#109545 - 10/18/05 10:46 PM Fuel shipment arrives in Belize, prices increase
Marty Offline
FUEL SHIPMENT ARRIVES IN BELIZE, PRICES INCREASE


A shipment of petroleum products was scheduled for arrival in Belize yesterday. A statement from the Government Press Office says there will be a significant increase in purchase costs in this shipment. The price for premium gasoline is ninety-five cents. Government will absorb seventy-nine cents of the cost per gallon, which means that customers will now pay an extra sixteen cents per gallon of premium. At midnight last night premium gasoline rose to ten dollars per gallon. The cost per gallon of regular is now nine dollars and seventy-five cents; kerosene is now seven dollars and forty-eight cents and diesel went up to seven dollars and forty-one cents. According to Government, the increase in the purchase cost of fuel is a direct result of the impact of hurricanes Katrina and Rita on the oil refineries in the U.S. Gulf Coast.

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#109546 - 10/19/05 01:01 AM Re: Fuel shipment arrives in Belize, prices increase
Katie Valk Offline
Telling you, $12.00 by xmas.
_________________________
Belize based travel specialist
www.belize-trips.com
info@belize-trips.com

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#109547 - 10/19/05 01:08 AM Re: Fuel shipment arrives in Belize, prices increase
SP Daily Offline
I love my electric cart

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#109548 - 10/19/05 03:28 AM Re: Fuel shipment arrives in Belize, prices increase
Marty Offline
Government takes action to minimize rises in fuel prices

17 October, 2005 - Belmopan
Another tanker of petroleum products is due to arrive in Belize later
today.

The acquisition prices of this shipment reflects increases of $0.95 for
Premium Gasoline, $0.45 for Regular Gasoline, $2.02 for Kerosene and
$0.92 for Diesel over the previous shipment.

In order to minimize the impact of such increases to the consumer, while
at the same time being mindful of the revenue implications, the
Government of Belize has decided once again to pass on only a small
portion of the increase in acquisition cost to the consumer and to
absorb the difference by lowering taxes on fuel.

Consequently, with effect from midnight tonight, the new Pump Prices for
fuel products will be as follows:

Product New Price Per US Gallon

Premium Gasoline from $9.84 to $10.00 - an increase of $0.16 per US
Gallon (GOB absorbs $0.79 of the increase in acquisition cost)

Regular Gasoline from $9.53 to $9.75- an increase of $0.22 per US
Gallon
(GOB absorbs $0.23 of the increase in acquisition cost)

Kerosene from $6.25 to $7.48- an increase of
$1.23 per US Gallon
(GOB absorbs $0.79 of the increase in
acquisition cost)

Diesel from $7.10 to $7.41- an increase of
$0.31 per US Gallon
(GOB absorbs $0.61 of the increase in
acquisition cost)

The increase in acquisition costs is a direct consequence of the impacts
of Hurricane Katrina and Hurricane Rita which ravaged the oil producing
and refining areas of the Gulf Coast States leaving almost 20% of US
refining capacity idle.

The Government of Belize shares the concern of the oil importing
countries across the region as oil prices continue to rise sharply. The
Government will continue to monitor the situation closely and will
continue to take appropriate and necessary action to minimize the impact
of oil prices on the economy.

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