By Breaking Belize News Staff: Prime Minister John Briceño says Government will examine whether further relief can be provided to motorists as the price of diesel climbs to nearly $16 per gallon.
Diesel reached approximately $15.96 per gallon over the weekend, intensifying concern among motorists, businesses, farmers and the transportation sector over the impact of fuel costs on the wider economy.
Briceño said he intends to discuss the issue with the Financial Secretary to determine what additional relief may be possible but stressed that Government has already reduced the amount of tax it collects on fuel.
The Prime Minister acknowledged that successive governments have depended heavily on fuel excise taxes because they provide a relatively reliable source of revenue.
He said Government therefore faces a difficult balancing act: reducing taxes enough to cushion consumers while still collecting sufficient revenue to finance education, health, infrastructure and social programmes.
Fuel prices have been one of the main drivers of inflation in 2026. Statistical Institute of Belize figures showed that diesel averaged $14.32 per gallon in July, almost $3 more than a year earlier, before climbing further in recent weeks.
The post Diesel at $15.96: PM says Government considering additional fuel relief appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Breaking Belize News Staff: Prime Minister John Briceño says Government will examine whether further relief can be provided to motorists as the price of diesel climbs to nearly $16 per gallon. Diesel reached approximately $15.96 per gallon over the weekend, intensifying concern among motorists, businesses, farmers and the transportation sector over the impact of
The post Diesel at $15.96: PM says Government considering additional fuel relief appeared first on Belize News and Opinion on www.breakingbelizenews.com.
