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Butane Goes Down Three Dollars

Friday, June 19 will see a change in butane prices as per the information coming out of the Ministry of Trade, Investment Promotion, Private Sector Development and Consumer Protection.  According to the release, the new controlled price per one hundred pound cylinder for liquid petroleum gas, imported from PEMEX in Mexico and distributed by Belize Gas Limited and Western Gas Company Limited, consumers will see a drop of three dollars.  Currently, Belize City and Corozal pay ninety dollars per hundred-pound with Punta Gorda paying ninety five dollars per hundred-pound.  Meanwhile the controlled price per hundred pound cylinder for butane which is imported from within Central America and distributed by Belize Western Energy Limited, Southern Choice Butane, Zeta Gas and Gas Tomza Limited will also see a decrease in prices of three dollars.  Belize City and Corozal currently pays the least as it is presently priced at eighty eight dollars and Punta Gorda price is set at the highest, being ninety three dollars.  Those however will drop by three dollars come tomorrow.  As it pertains to LPG from Belize Natural Energy, the price per hundred pound cylinder is eighty five dollars, where available, namely, Burrell Boom, San Ignacio, Belmopan and Benque Viejo del Carmen.  According to the release the prices placed on the imported butane are based on the ratio of propane to butane.  It ended by saying, quote, “A current production boom in North America has led to a downward pressure on oil derivatives including LPG.  Consequently, acquisition prices have lent to a decrease of three dollars for both Central American importers and PEMEX.  Compared to 2014, LPG prices are at an average of thirty two dollars lower on the hundred pound cylinder.”