Pain at the pump as fuel goes up $1.27

Last night, prices for gasoline shot up an average of $1.27 after months of steady decline. Combined with a shortage of premium fuel, this has caused consternation among Belizean vehicle owners and alleged contrabanding of fuel, particularly in the North. Today, the Prime Minister said he would attempt to find out what happened but believes higher acquisition costs may be to blame.

 

DEAN BARROW – Prime Minister of Belizevlcsnap-2015-03-26-11h36m10s82“I wasn’t even aware that it had gone up. I haven’t seen the statutory instrument yet. I’d have to do so to be able to give you an answer. So I can’t answer that just at a moment.”

 

REPORTER

Could you explain,  just for the layman, what would be the caouse of that because as I understand it,  the tanker should arrive in Belize at midday today.”

DEAN BARROW

“The short, obvious answer would be  higher acquisition cost but I really don’t know. I need to see what happened. “

 

REPORTER

“But certainly it should not go into immediate effect, the price hike.

 

DEAN BARROW

“Why shouldn’t it? If the acquisition cost was greater, why would it not translate immediately into a price hike?”

 

REPORTER

“So the three week arrival issue doesn’t out as the financial secretary had mention?”

DEAN BARROW

“Mam, I don’t know what the acquisition cost was when it was procured.  It may well be that that acquisition cost was higher than the previous shipments’ acquisition cost, but I really don’t know. “

 

vlcsnap-2015-03-26-11h40m15s127The Prime Minister issued a warning to alleged contrabandistas to stop the nonsense but acknowledged there is little he can do to ease the fuel situation.

 

DEAN BARROW

“Well, because the shipment was delayed and they had to be getting fuel coming in by trucks. It’s a combination of factors; shipment was delayed, and that’s principle. As well, because our fuel cost have been so low,  fuel has been going across the border, much like sugar, so Belizean’s buy fuel and now contraband fuel certainly to Mexico. So, as I said, a number of factors. “

 

REPORTER

“Going forward though, does the Government  intend to take any measures to try and prevent that?”

DEAN BARROW

“Well, look, Government authorities always have an obligation to try and prevent illegal activity, but the truth is, like the poor, contrabandistas will be with us always. So we’ll continue to do our best. Again, an appeal ought to be made to the Belizean’s who are doing it, to stop doing it, but there is no point pretending, going beyond that and pretending that , yeah we’ll be able to put a stop to it.”

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