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Pump Price of Kerosene Sees a Thirty-Four Cent Increase

At midnight tonight, the pump price of kerosine will be increasing by thirty-four cents per gallon. The Ministry of Finance notes that effective midnight the pump price will be increasing from seven dollars seven cents to seven dollars forty-one cents. The pump prices of premium gasoline, regular gasoline, and diesel remain unchanged. The reason for the spike according to the ministry reflects current demand and supply conditions of crude oil in the international petroleum market and fluctuations in the acquisition price of refined fuel products in the countries from which Belize obtains its supplies.