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#528209 - 01/10/18 06:13 AM Butane “pain” coming soon to consumers  
Joined: Oct 1999
Posts: 57,373
Marty Offline
Marty  Offline
Exactly one year ago, the Belize Bureau of Standards issued a statement announcing an 18% increase in the cost of Liquefied Petroleum Gas (LPG), or butane.

That increase put the cost of butane at $97 per hundred-pound cylinder in Belize City, and $102 in Punta Gorda.

Reliable information to Amandala is that there will be another increase in the cost of butane within the next few days. We are told that the proposed rates will be discussed during Cabinet’s meeting tomorrow, Tuesday.

However, when our newspaper telephoned the office of the Belize Bureau of Standards, our calls went unanswered.

While Belizeans await the new figures for butane, vehicle owners are already feeling a price adjustment at the pumps, although last October Prime Minister Dean Barrow promised to significantly lower the cost of fuel.

As of midnight on Saturday, the cost of regular gasoline was adjusted downward to $10.18 from $10.40, which is a decrease of $0.22.

The cost of premium gasoline, however, was raised to $11.24 from $11.07. This is an increase of $0.17. Diesel also saw an increase from $9.50 to $10.01, which is a difference of $0.51.

The price of kerosene, on the other hand, remains at $5.89 per gallon – a price that has been constant since last October.

Amandala

#528275 - 01/13/18 05:56 AM Re: Butane “pain” coming soon to consumers [Re: Marty]  
Joined: Oct 1999
Posts: 57,373
Marty Offline
Marty  Offline

Butane prices take a giant leap

An increase in the price of Liquefied Petroleum Gas (LPG) or butane comes on the heels of an increase in fuel at the pump, which we reported last Friday. The new controlled price for the sale of LPG will take effect on Saturday, January 13. A one hundred pound cylinder will now cost one hundred and four dollars in Belize City, one hundred and six dollars in Belmopan and San Ignacio, one hundred and seven dollars in Benque Viejo Del Carmen, one hundred and five dollars in Orange Walk, one hundred and four dollars in Corozal, one hundred and eight dollars in Dangriga and one hundred and nine dollars in Punta Gorda.

LOVEFM


NEW CONTROLLED PRICE OF LIQUEFIED PETROLEUM GAS (LPG)

The Supplies Control Unit (SCU) in the Ministry of Investment, Trade and Commerce is hereby informing the general public that effective Saturday, January 13th, 2018 there will be a new controlled price for the sale of Liquefied Petroleum Gas (LPG).

The general public is advised that the prices established for imported LPG are based on the mixtures of 70:30 (Propane: Butane) only as per requirement of the Belize National Standard Specification for Liquefied Petroleum Gas (LPG) BZS 21:2012. For further information, kindly contact the office of the Belize Bureau of Standards at 822-0446, 822-0447 or via email at bbs@btl.net or scu@bbs.gov.bz.


#528367 - 01/18/18 05:49 AM Re: Butane “pain” coming soon to consumers [Re: Marty]  
Joined: Oct 1999
Posts: 57,373
Marty Offline
Marty  Offline

After Short Price Hike, Importers Holding Butane Hostage?

Last Friday, the price of LPG went up by seven dollars per hundred pound cylinder. While that increase kept supply of butane going, there is information of an impasse between Liquid Petroleum Gas importers and the Government. Complaints reaching our studios were that importers were selling butane to distributors at a wholesale price of one hundred and twenty dollars per hundred pound cylinder, without consultations.

That triggered a meeting last Thursday between the Belize Bureau of Standards and the three main importers, namely: Gas Tomza, BWEL and Zeta Gas. And by Friday, retail butane gas took a hike by seven dollars to consumers. But it appears that the increase does not bode well with the importers who were expecting a higher increase.

Today, News Five received calls to the effect that the suppliers have been rationing fuel. When we checked, we were informed that there is an impasse between G.O.B. and the LPG importers, and negotiations are currently underway to resolve the issue. News Five was reliably informed that G.O.B. is awaiting a counterproposal from the importers, who bring in fuel from Central America. Government, we have learnt, is looking at other options, to keep the supply going.

Channel 5


#528379 - 01/18/18 09:35 AM Re: Butane “pain” coming soon to consumers [Re: Marty]  
Joined: Mar 2006
Posts: 1,818
JZB Offline
.
JZB  Offline
I have been getting small rations of Butane since before Christmas. I hope they sort this out soon, it is not good for anyone.

#528419 - 01/20/18 05:58 AM Re: Butane “pain” coming soon to consumers [Re: Marty]  
Joined: Oct 1999
Posts: 57,373
Marty Offline
Marty  Offline

Butane Companies Come Around To GOB’s Price Solution, But For How Long?

All this week - the Central American companies that import butane or LPG into Belize have been shorting their supply. They've also threatened to cut off that supply - trying to force government into the second increase in a week. As we reported, last week Friday's increase pushed the price per hundred pound cylinder up by seven dollars.

But the suppliers say world prices have cut deep into their margins, and they need the increase. But, after a few tough days of negotiation with the Bureau of Standards and the Ministry of Economic Development, all sides have agreed that the price will remain as is - for now.

A release issued this afternoon says quote, "The Government of Belize…has arrived at a successful agreement with the importers of LPG…the supply of LPG to Belize will remain uninterrupted."

The release goes unto say, quote, "there will be no immediate adjustment to the controlled price of LPG….(but) LPG prices are subject to seasonal adjustments, volatility of which is pegged to external market dynamics, specifically, the price of oil and climatic conditions."

So, that makes it clear that the price is volatile - but one factor they didn't add was political volatility. It is widely felt by seasoned observers that Government will not allow a price increase with two months to go before municipal elections.

COLA Activist Geovannie Brackett added to that. He said that he has specific information which says that the increase is being deliberately held off until after the election:

Geovannie Brackett, President - COLA
"We were told that your prices after the election cam go up as much as $14-$20 and that is to make up for the loss of the butane companies will take, because this increase that the government will have initiate before the municipal will not be reflected in your butane prices before the election, which means the company has to swallow that up. This is all because the government in my view and in our view at COLA is strapped for cash and so it could be a way of fund raising and so the butane companies is in a predicament and I know that the argument or butane imports massly comes from Guatemala and in our view it seem incestuous - all these companies, because it's like a dragon with multiple heads. We should not be having 100% or a large portion of our energy coming from a country that doesn't respect us."

The LPG importers were reportedly requesting an increase up to 120 dollars per hundred pound cylinder.

In the past, Belize had butane supply from Mexico and Central America - but the suppliers who imported from Mexico have been bought out by the Central American companies.

Before last week's increase, the price of butane or LPG had not increased for one year.

Channel 7


SUPPLY OF LIQUEFIED PETROLEUM GAS

The Government of Belize (GOB) through the Supplies Control Unit (SCU), would like to advise the general public that it has arrived at a successful agreement with the importers of LPG and wishes to inform that the supply of LPG to Belize will remain uninterrupted.

The GOB further advises that there will be no immediate adjustment to the controlled price of LPG following the last adjustment issued on January 13th, 2018. LPG prices are subject to seasonal adjustments, volatility of which is pegged to external market dynamics, specifically, the price of oil and climatic conditions. Despite this, the GOB has not adjusted the controlled prices for LPG since January of 2017.

The Government of Belize will continue to ensure stability in the controlled price of LPG to consumers and at the same time secure its continuous supply for all end users.



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