FrontPage

Fuel prices way up

By Marion Ali
Assistant Editor

At midnight on April 1, the prices of fuel went up by significant margins, and this time, it was not because of the acquisition costs, but to meet a budget gap that the government is seeking to close.
*Premium gasolene went up by 35 cents.
*Regular gasolene went up by 32 cents.
*Diesel went up 12 cents.
* Kerosene increased by 3 cents.
In Belize City, premium gas is now $10.79 a gallon, regular is $9.79, diesel is $9.09, and kerosene is $5.60.
The breakdown per gallon, rounded off, is as follows: the landed cost of premium up to April 1st was $4.36; the commercial margin (what dealers, gas stations, etc make) was $1.43; and government taxes amounted to $4.99. For regular gas, the landed cost per gallon up to April 1st was $3.90, the commercial margin was $1.34, and government taxes amounted to $4.55. The landed cost of diesel of to April 1st was $3.71, the commercial margin was $1.22, and government taxes amounted to $4.15.
The landed cost per gallon for kerosene up to April 1st was $4.01, the commercial margin was $0.80, and government taxes amounted to $0.79.
These prices only reflect what motorists pay in Belize City, since an additional fee is added in the districts accordingly, to cover for transportation costs.
The last time fuel prices went up was March 24, when the cost of acquisition was the reason for that increase.

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