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Regular Gasoline Jumps the Eleven Dollar Mark and Diesel Sees a slight Increase

Tonight, there is bad news for motorists because effective midnight tonight, the pump prices of regular and diesel fuel will be increasing by thirty-eight cents and six cents respectively. The Ministry of Finance notes that the pump price for regular gasoline will be increasing from ten dollars ninety-nine cents to eleven dollars thirty-seven cents and the pump price for diesel will be increasing from ten dollars fifty-nine cents to ten dollars and sixty-five cents per gallon. The pump prices of premium gasoline and kerosene 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.