Gas price gone up again! Regular now over $11

Only nine days after the last gas price increase, Belizeans have been hit with another, this one sending the price of Regular fuel to a staggering $11.04 per gallon.

The Belize Bureau of Standards announced on Tuesday, that the price would go up on April 25. The initial announcement said that the new adjusted prices would be $11.06 for Regular, and $10.70 for Diesel; however, the BBS issued a statement less than a half hour later, stating that the Minister of Finance had recalled the first set of prices, and provided a revised price list.

The revised list sent Regular fuel up by 39 cents from $10.65 to $11.04 per gallon, and Diesel up 48 cents from $10.01 to $10.49.

Premium and Kerosene remained unchanged at $11.39 per gallon and $7.87 per gallon respectively. The adjustment makes the sixth price adjustment for 2018, with the majority of those adjustments sending the cost of fuel upwards. The increase in Diesel puts an end to a short-lived reduction seen on April 14, when the price went down 12 cents from from $10.13 to $10.01.

The new adjusted prices puts Diesel on the upward path to $11 a gallon; a path that Regular has been on since gas prices began rising in February 2017, and finally reached this year. It remains to be seen if the price of Premium will begin its assent to $12 per gallon. Last year, Financial Secretary, Joseph Waight, noted that gas prices had gone as low as they would go, and that any future adjustments would push prices upwards.

The Reporter