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Fuel prices begin to fall Print E-mail
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Written by Administrator   
Thursday, 12 October 2017 00:00

As of Friday October 6th, the price of regular fuel took a sharp decline from $11.13 to $10.29 per gallon. It is expected that within the next few days the same will take place with premium and diesel fuels.

Fuel prices are taking a downward move following the normalization of supplies from Venezuela. In September, the price of fuel began an upward movement after government discontinued the purchase of fuel from Venezuela under the Petro-Caribe program. Fuel supplies had to be discontinued after deliveries to Belize had become unreliable forcing for fuel to be purchased from neighboring El Salvador at a higher price driving up the price at the pump.